DEAR EVAN HANSEN Recoups!

[IdinaBellFoster]

Posted: 7/17/17 at 8:53am

DEAR EVAN HANSEN recoups it's 9.5 million dollar investment in 8.5 months!

Congrats to the cast & crew over at the Music Box!

https://www.broadwayworld.com/article/DEAR-EVAN-HANSEN-Recoups-on-Broadway-20170717

[Ado Annie D'Ysquith]

Posted: 7/17/17 at 9:05am

Good for them. Regardless of what people think about the show itself, it's always nice to hear that a new work has recouped.

Off-topic, but I think Rachel Bay Jones is an adorable lady. She looks like a blonde version of one of my friends.

[poisonivy2]

Posted: 7/17/17 at 9:07am

Awesome! Well deserved. Congrats to the cast.

[ACL2006]

Posted: 7/17/17 at 9:10am

Congrats! I wonder how far along COME FROM AWAY is from recouping?

[ethan231h]

Posted: 7/17/17 at 10:13am

Cant say im surprised but im so happy for everyone at the Music Box!! And yes I agree, Rachel Bay Jones is wonderful, such a great actress and kind person!

[Big Apple2]

Posted: 7/17/17 at 10:28am

This is great news. It's nice to see shows recoup their investment. Congratulations to everyone involved. 

[bdn223]

Posted: 7/17/17 at 10:39am

Considering how cheap this show is and that it is now somewhat of a B-level ziegiest alla Newsies, I expect this show to run for a good long time. Congrats to all involved.

Also I wonder how long they will wait before they start stunt casting, as this show screams for waning teenage heart throbs, and middle aged former starlets to sink their teeth into some meaty roles, with no dancing requirements. 

[ACL2006]

Posted: 7/17/17 at 10:48am

Any stunt casting is a long time away. The show is basically sold out until the end of the year. Even if Platt leaves in November, I think the show will still do well with a Broadway name in the role for a while.

[Jordan Catalano]

Posted: 7/17/17 at 10:51am

When a show charges $600 a ticket, I think we can stop getting excited when they recoup. 

[LYLS3637]

Posted: 7/17/17 at 11:01am

Jordan Catalano said: "When a show charges $600 a ticket, I think we can stop getting excited when they recoup. "

 

$400 is the top ticket (less than other non-hits), not $600. Average paid is $200.

Updated On: 7/17/17 at 11:01 AM

[froote]

Posted: 7/17/17 at 11:04am

What are the non-hits charging $400?

[CT2NYC]

Posted: 7/17/17 at 11:11am

The highest ticket price isn't $600 or $400. It's $499.  I'm not interested in joining this argument, just giving the correct number.

[LYLS3637]

Posted: 7/17/17 at 11:17am

Top Ticket $397

 

[jdln1973]

Posted: 7/17/17 at 11:19am

Question about shows that recoup and have had a life Off Broadway or Out of Town prior to their Broadway Bow... How is the capitalization cost affected by the use of previous sets/costuming? DEH is largely unchanged from the 2nd Stage Run so I was wondering how those costs figure into it.

[muscle23ftl]

Posted: 7/17/17 at 11:29am

Not a surprise to anyone.

[BakerWilliams]

Posted: 7/17/17 at 12:03pm

jdln1973 said: "Question about shows that recoup and have had a life Off Broadway or Out of Town prior to their Broadway Bow... How is the capitalization cost affected by the use of previous sets/costuming? DEH is largely unchanged from the 2nd Stage Run so I was wondering how those costs figure into it."

In general, off-Broadway runs increase your costs because the shows that transfer to Broadway usually have commercial investors bumping up the costs for companies that don't have that much money. That's part of why Natasha, Pierre cost so much.

[A Canadian in NYC]

Posted: 7/17/17 at 12:05pm

I'm super happy for them - they deserve a big congratulations

I'm curious how it works going forward.  I know the producers and investors start making cash, but what about the writers - Levenson - Pasek and Paul?  Do they continue to earn royalties?  And if so, does anyone have a clue what that generally looks like or is it all over the map depending on the circumstances. Foreseeing a long life on Broadway and touring, does this become a significant reoccurring revenue stream for them?

[RaisedOnMusicals]

Posted: 7/17/17 at 12:21pm

"bdn223 said: "Considering how cheap this show is and that it is now somewhat of a B-level ziegiest alla Newsies, I expect this show to run for a good long time. Congrats to all involved."

I assume that you meant zeitgeist, but regardless, I don't think there's any such thing as a 'B-level" one. And DEH is nothing like Newsies was, even at the time it was at its peak. But yes, congrats to all involved.

By the way, I read somewhere that DEG grossed more last week than any show in Broadway history in a theater with a seating capacity of less than 1000.

 

 

[Lot666]

Posted: 7/17/17 at 12:51pm

LYLS3637 said: "Top Ticket $397"

I have personally seen DEH tickets on Telecharge in the past month that were well above $400.

[LYLS3637]

Posted: 7/17/17 at 1:08pm

Lot666 said: "LYLS3637 said: "Top Ticket $397"

I have personally seen DEH tickets on Telecharge in the past month that were well above $400."

That doesn't necessarily mean the ticket sold at that price. You could very well be correct that some tickets have been selling for over $400, but I tend to believe reported/published numbers and not anecdotal evidence. 

[poisonivy2]

Posted: 7/17/17 at 1:58pm

I'm really surprised theaterguy hasn't jumped into this thread to say that the majority of the recoupment was because Marc Platt paid off the difference.

[GavestonPS]

Posted: 7/17/17 at 4:18pm

A Canadian in NYC said: "I'm super happy for them - they deserve a big congratulations

I'm curious how it works going forward.  I know the producers and investors start making cash, but what about the writers - Levenson - Pasek and Paul?  Do they continue to earn royalties?  And if so, does anyone have a clue what that generally looks like or is it all over the map depending on the circumstances. Foreseeing a long life on Broadway and touring, does this become a significant reoccurring revenue stream for them?

 

"

Yes, the writers continue to earn royalties as long as the show runs. (Unless and until they volunteer to forego their royalties to lower the nut and keep the show running; authors are frequently asked to do this--though it sucks--but DEH is long way from anybody giving up his royalties.)

Some contracts provide that the authors' royalties increase once the show recoups, especially if those authors have agreed to reduced royalties while the show is still repaying its initial cost.

The traditional split was 6% split three ways. 2% of the gross for the composer, 2% for the lyricist, 2% for the book writer. If one person writes two of the elements, she might get 4% for, say, book and lyrics. But there are so many variations in individual contracts, I'm not sure it's even worth posting this tradition.

[Wick3]

Posted: 7/17/17 at 11:34pm

So happy for Dear Evan Hansen! I always wondered why it took so long to recoup!

From looking at the Broadway grosses, the show just completed its 35th week and has a total gross of $41,099,017 (roughly $41 million). So each week the average gross is roughly $1.17 million. 

Since the initial capitalization is $9.5 million and it took 35 weeks to recoup, that means on average each week $270,000 went towards that $9.5 million. Does that mean DEH's weekly operating cost is roughly $1,170,000 - $270,000 = $900,000? Doesn't $900k seem high to be the weekly nut? 

It's a bit late for me so my math may be wrong. 

 

[Margo319]

Posted: 7/17/17 at 11:36pm

Yeah!  Congratulations to them all! 

[RaisedOnMusicals]

Posted: 7/18/17 at 6:23am

Wick3 said: "So happy for Dear Evan Hansen! I always wondered why it took so long to recoup!

From looking at the Broadway grosses, the show just completed its 35th week and has a total gross of $41,099,017 (roughly $41 million). So each week the average gross is roughly $1.17 million. 

Since the initial capitalization is $9.5 million and it took 35 weeks to recoup, that means on average each week $270,000 went towards that $9.5 million. Does that mean DEH's weekly operating cost is roughly $1,170,000 - $270,000 = $900,000? Doesn't $900k seem high to be the weekly nut? 

It's a bit late for me so my math may be wrong. 

Very late and very wrong. The nut for DEH doesn't come close to approaching $900K, which is close to 100% of the show's gross weekly potential. 

 

 

"