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Broadway Grosses: Week Ending 10/13/19

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Wick3
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Broadway Grosses: Week Ending 10/13/19#26
Posted: 10/16/19 at 8:10am

TotallyEffed said: "If a show recoups, it goes from flop to hit. Sounds interesting enough to me."

+1 on this. I love numbers hence why I read the grosses each week. I don’t think I was “demanding” at all but to each his own. For the record no I have no money in any of these shows but I wish I can qualify to be one someday (to be an accredited Broadway investor you have to have a household income of $300k per year.)

magictodo123
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Broadway Grosses: Week Ending 10/13/19#27
Posted: 10/16/19 at 8:21am

Wick3 said: "TotallyEffed said: "If a show recoups, it goes from flop to hit. Sounds interesting enough to me."

+1 on this. I love numbers hence why I read the grosses each week. I don’t think I was “demanding” at all but to each his own. For the record no I have no money in any of these shows but I wish I can qualify to be one someday (to be an accredited Broadway investor you have to have a household income of $300k per year.)
"

....$300k????? ...oh my. But what I find more impressive is that you know this! Is it public knowledge? 

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kdogg36
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Broadway Grosses: Week Ending 10/13/19#28
Posted: 10/16/19 at 9:02am

Dolly80 said: "Why are so many people obsessed with when a show recoups? It’s bizarre. Ya’ll got money in these shows?!"

I'm interested in knowing whether certain shows turned a profit - for instance, Fun Home and The Band's Visit - because I'd like to see producers take a chance on more shows like these in the future.

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Wick3
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Broadway Grosses: Week Ending 10/13/19#29
Posted: 10/16/19 at 11:06am

magictodo123 said: "....$300k????? ...oh my. But what I find more impressive is that you know this! Is it public knowledge?"

Feel free to google it and you'll see some broadway blogs etc. mention it. 

https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/updated-investor-bulletin-accredited-investors

 

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Wick3
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Broadway Grosses: Week Ending 10/13/19#30
Posted: 10/16/19 at 11:12am

kdogg36 said: "I'm interested in knowing whether certain shows turned a profit - for instance,Fun HomeandThe Band's Visit- because I'd like to see producers take a chance on more shows like these in the future."

Both musicals recouped!

Fun Home recoups! http://www.playbill.com/article/not-too-bad-if-they-say-so-themselves-fun-home-recoups-on-broadway-com-375415

Band's Visit recoups! http://www.playbill.com/article/the-bands-visit-recoups-on-broadway

 

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Broadway Grosses: Week Ending 10/13/19#31
Posted: 10/16/19 at 11:21am

I think Fun Home was the only musical that recouped that season.

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markypoo
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Broadway Grosses: Week Ending 10/13/19#32
Posted: 10/16/19 at 12:38pm
And to think that when I was invited to put money into The Utter Glory of Morrissey Hall in 1979, all I had was my weekly paycheck.
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Broadway Grosses: Week Ending 10/13/19#33
Posted: 10/16/19 at 1:02pm

Markie27 said: "I think Fun Home was theonly musical that recouped that season."

You are correct. Fun Home was the only musical that opened during the 2014-2015 season, that formally announced a recoupment of its capitalization during its Broadway run. An American In Paris, announced they were expecting to recoup their investment when they posted their closing notice in June of 2016 for a January 2017 closing, but when a month later in July 2016 producers announced they were pushing their closing up to October 2016, there was no mention of the recoupment status. One could argue that the two nonprofit revivals Lincoln Center's The King and I and Roundabout's On the Twentieth Century, made money as both extended their runs, but neither were blockbuster productions by their nonprofits standards.

Its is kind of crazy of that of the 13 commercial musical productions to open during the 2014-2015 season only 1 turned a profit, and and that 1  was the musical adaptation of a graphic memoir of a Lesbian cartoonist about growing up in a funeral home and coming to the realization that she and her dad were both gay before he died of a possible suicide.

 

We typically see at least 2 new musicals and one revival turn a profit each season. I know the 2014-2015 awards season was overshadowed by Hamilton's off-Broadway run, but still even in the season it opened we had 3 musicals recoup due to ticket sales (Hamilton, Waitress, and School of Rock) and 4 due technicalities (Shuffle Along-Insurance Policy covering the capitalization due to Audra's Pregnancy). 

Updated On: 10/16/19 at 01:02 PM
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haterobics
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Broadway Grosses: Week Ending 10/13/19#34
Posted: 10/16/19 at 1:16pm

bdn223 said: "only 1 turned a profit, and and that 1wasthe musical adaptation of a graphic memoir of a Lesbian cartoonist about growing up in a funeral home and coming to the realization that she and her dad were both gay before died of a possible suicide."

Which is why so many musicals are rehashing that storyline now...

JSquared2
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Broadway Grosses: Week Ending 10/13/19#35
Posted: 10/16/19 at 2:57pm

bdn223 said: "Markie27 said: "I think Fun Home was theonly musical that recouped that season."

You are correct.Fun Homewas the only musical that opened during the 2014-2015 season, that formally announced a recoupment ofits capitalization during its Broadway run.An American In Paris, announced they were expecting to recoup their investment when they posted their closing notice in June of 2016for a January 2017 closing, but when a month later in July 2016 producers announced they were pushing their closing up to October 2016, there was no mention of the recoupment status. One could argue that the two nonprofit revivalsLincoln Center'sThe King and Iand Roundabout'sOn the Twentieth Century,made money as both extended their runs, but neither were blockbuster productions by their nonprofits standards.

Its is kind of crazy of that of the 13 commercial musical productions to open during the 2014-2015 season only 1 turned a profit, and and that 1wasthe musical adaptation of a graphic memoir of a Lesbian cartoonist about growing up in a funeral home and coming to the realization that she and her dad were both gay before he died of a possible suicide.



We typically see at least 2 new musicals and one revival turn a profit each season. I know the 2014-2015 awards season was overshadowed byHamilton'soff-Broadway run, but still even in the season it opened we had 3 musicals recoup due to ticket sales (Hamilton, Waitress, and School of Rock)and 4due technicalities (Shuffle Along-Insurance Policy covering the capitalization due to Audra's Pregnancy).
"

 

There has been no insurance settlement on Shuffle Along.  It is still in litigation.

 

JSquared2
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Broadway Grosses: Week Ending 10/13/19#36
Posted: 10/16/19 at 3:04pm

Wick3 said: "TotallyEffed said: "If a show recoups, it goes from flop to hit. Sounds interesting enough to me."

+1 on this. I love numbers hence why I read the grosses each week. I don’t think I was “demanding” at all but to each his own. For the record no I have no money in any of these shows but I wish I can qualify to be one someday (to be an accredited Broadway investor you have to have a household income of $300k per year.)
"

 

Wick3 that's only partially correct.  In order to be an accredited investor one would need to have an individual income of at least $200,000 for each of the last 2 years (or $300,000 if combined with a spouse).  You also must have a net worth exceeding $1M excluding your primary residence.

After Eight
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Broadway Grosses: Week Ending 10/13/19#37
Posted: 10/16/19 at 5:55pm

Braniff Forever wrote:

 

“Anyway, what I was wanting to ask here was why Is Linda Vista doing so badly?”

 

Perhaps because it's awful and the word has gotten out to that effect.


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