BILLY ELLIOT Recoups $18 Million Investment

[WayTooBroadway]

Posted: 1/13/10 at 3:38pm

http://artsbeat.blogs.nytimes.com/2010/01/13/billy-elliot-recoups-original-18-million-investment/

"The Broadway producers of Billy Elliot: The Musical announced on Wednesday afternoon that they have recouped their original $18 million investment in 14 months of performances, with premium ticket prices helping earn back that capitalization at a faster clip than they initially expected."

[WiCkEDrOcKS]

Posted: 1/13/10 at 3:41pm

Yay! Good for them! Very well-deserved.

[bythesword84]

Posted: 1/13/10 at 3:52pm

Yay!!!

[bway1261]

Posted: 1/13/10 at 3:59pm

Congrats to them!

[taylorPHENOMENON2]

Posted: 1/13/10 at 4:14pm

So great.

[Hank]

Posted: 1/13/10 at 4:15pm

No surprise here, and well deserved.
Good show, mates!

[bundy5000]

Posted: 1/13/10 at 5:43pm

YEA! maybe they can discount their tickets now lol

Has the student rush resumed yet?

[dramamama611]

Posted: 1/13/10 at 5:54pm

They have no reason for them
to discount since they have the market.

[theaterkid1015]

Posted: 1/13/10 at 6:09pm

Good for them!

[averagebwaynut]

Posted: 1/13/10 at 6:23pm

Bravo Billy!

FYI, they actually are doing some discounting, though not of the super-cheap single ticket variety some may be seeking.

But they do have an Early Bird group offer for the Fall which I just received via email from Broadway.com and the discounted tickets, while not "cheap" by any means, are an improvement on the standard 10% that many shows offer. Honestly, I'm actually a little surprised to see them with a group discount better than 10% off in only the second September of their run.

[Mamie]

Posted: 1/13/10 at 7:11pm

Fabulous news about an absolutely fabulous show. They give 100% in every aspect of the show and the public (obviously) recognizes and appreciates it.

Now that they have recouped, they can afford to start offering some small discounts so I imagine that's why you're seeing them now. It certainly isn't because they can't sell tickets!

Posted: 1/13/10 at 7:25pm

I'm surprised there having two tours running in the fall.

[BroadwayBound062]

Posted: 1/13/10 at 7:50pm

Good for them!

[sking]

Posted: 1/14/10 at 12:15am

Sweet finally!!!humm doing simple math 995000 per week nut(counting ALL costs)...OMG!!! That needs to be trimmed a bit.

[MusicSnob1]

Posted: 1/14/10 at 12:58am

^^ That's completely inaccurate and you're taking zero variables into account. Fail. ^^

[sking]

Posted: 1/14/10 at 1:21am

overall grosses minus 18 million equals total cost of running show since opening divide by number of weeks equals weekly costs. Ok its not what is really defined as the weekly nut but it IS the average costs counting royalties etc etc and at least just over that period of time perfectly accurate as too whats payed out too everyone but the original investors. Yes figuring it this way is variable week to week but since opening as an AVERAGE its accurate. If Im wrong feel free to tell me I certainly may be. Either way either royalties are thru the roof on Billy or WOW costs are high...WSS was less then 800k doing same math i believe.I'm really understanding now why Barney keeps correcting people on their math on weekly costs, so much is not added in when it should be(even if variable). So what will Spiderman have to average again to break even in 5 years...ouch.

[Fosse76]

Posted: 1/14/10 at 11:29am

"I'm surprised there having two tours running in the fall."

The producers are confident that the "tour" in Chicago will be a sit-down. It's selling so well on Broadway they have no problem believing a second tour will be successful. Since they had to gurantee a minimum length-of-stay at the Oriental Theatre, it's likely they wanted to get going in other markets before that end date.

Posted: 1/14/10 at 11:46am

As of now, tickets for the Chicago production are only on sale till July.