HogansHero said: "percentage of what? investment? understand that there is no correlation between weekly net proceeds and the payout to investors. Investors do not receive a weekly check the way royalty recipients do."
Hogan is, as usual, correct. I meant to say it was the equivalent of that % of the capitalization. I believe they have returned 10% to investors so far.
And regarding the idea of closing or moving etc, it's no secret that the Marquis is the Nederlander's white elephant. And Tootsie is actually one of the better producing shows that they have had in there in this century. They are more than satisfied with the current numbers, and unless and until something with promise comes along (and that does not appear very likely atm), as I said above they will do anything they can to keep the show open, including eating the fixed component down to the level of some smaller theatre.
I didn't realize the Marquis' history was so grim. I didn't even hate the place - at least it's comfortable and the sightlines are fine - but as a tourist I had no idea there was even a theater inside despite what ought to be prime location. Unless ticket sales fall off a cliff, there's no reason for Tootsie to close until January at the very earliest.
I am bummed about Oklahoma!'s decline, as I really enjoyed it. But it's a revival, and a divisive revival at that, and it's essentially been around since it opened at St. Ann's Warehouse nearly a year ago. Even the most successful revivals don't usually last much longer than a year.
Moulin Rouge! is a monster hit. I got to experience how big it is when I was scanning around looking for tickets last week in case I took an unexpected trip to New York City.
joined:5/29/13
joined:
5/29/13
Posted: 8/27/19 at 4:05pm