‘Cats’ Closing: Is It Curtains for Broadway Musicals?
No, it's not, but until some sense can made of both the weekly operating costs and the capitalizations, we're going to continue having these problems. And placing blame on ONLY the theatre owners or ONLY the unions is a misread of the situation.I think there's also the frank reality of CATS that this concept was more niche than its producers thought, and the level of interest at that price tag was not enough to sustain it. Needing an average sold-out price of $120 just to tread water (break e...