atomic bomb 3

How much does Broadway impact the New York City economy?

Boom. That sound you heard was the massive amount of monetary impact Broadway has on the New York City economy. The latest financial ramification report was released last week by the Broadway League, and the numbers are good.  Broadway as a biz was responsible for adding $11.9 billion dollars to the city’s kitty.  And that’s right, I said 11.9 b-b-billion dollars . . . along with 87,000 jobs and $500 million in taxes. The overall impact number is up 2% from last year and a whopping 11% from 2008 (the year of the great recession), and 97% of the money …

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miss saigon 2

Only Cameron can recoup a show the day after it opens.

The London revival of Miss Saigon opened this past Wednesday night. 24 hours later, Producer Cameron Mackintosh announced that it had already recouped. I mean, wowza. I’ve been a part of shows that have given a distribution on opening night . . . maybe 10% or a bit more (usually a result of strong preview sales, coming in under budget and a positive outlook for the next several weeks – which allows you to return the reserve) . . . but recouping a show the day after opening. Sweet Mary and Joseph, that’s some news. Now, I have to assume that …

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Broadway Tax Break

Tax Breaks for new NY Companies, but not for Broadway companies.

If you watch cable in the NY area then you’ve probably seen the new commercials for START-UP NY, Governor Cuomo’s “initiative to transform SUNY campuses and other university communities across the state into tax-free communities for new and expanding businesses.”  (Oh, and in case you were wondering, START-UP NY stands for “SUNY Tax-Free Areas to Revitalize and Transform Upstate NY” – which reminds me – how many hours do you think these politicians spend coming up with clever acronyms instead of fixing healthcare?) The gist of Cuomo’s program is this . . . if you’re a certain type of start-up …

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Broadway winter

How bad was this winter on the Broadway box office?

Broadway Producers like excuses. Jewish Holidays, Daylight Savings Time, the color of shirt Obama was wearing when he spoke to Putin about the Ukraine  . . . Broadway Producers can blame a weak box office on anything. Some of these excuses are real.  Some, well, make you feel better. What I’ve heard all around town since January 1st is how our unusually cold weather and all the snow we received (and that Supah Bowl) has had a serious negative impact on Broadway sales. Anecdotally, I’ve got to agree.  I’ve seen a lot of shows posting lower numbers than they should …

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Broadway quarter 3

End of Q3 Results for Broadway’s 2013-14 Season

Three quarters down, and one more important quarter to go. But before we get to our Q4 guesses, how did Q3 fare?  Here’s the rundown: GROSSES Gross tally so far this season is:  $907,595,787 Last season at the end of Q3 we were at $834,963,738 That’s an increase of a super-size 8.7% for the Broadway season so far. ATTENDANCE 8,608,404 people have seen Broadway shows so far this season. 8,488,237 people had seen Broadway shows at this point last year. That’s a 1.4% increase from our last Broadway season. PLAYING WEEKS There were 1052 playing weeks after the third quarter this year. …

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