No tax credit and raising for shows this season. - Page 2

[ErmengardeStopSniveling]

Posted: 8/23/25 at 1:11pm

Wick3 said: "There was a time before pandemic when Broadway productions didn't getany tax credits right? And Broadway survived. Even back in 1994-1995 season when there were only 2 original new musicals (Sunset Blvd and Smoky Joe's Cafe) and 3 musical revivals yet somehow Broadway survived."

Yes, Broadway has existed without tax credits before and it will exist without them again.

However, the 94-95 season is precisely why these types of tax credits are beneficial: had there been a small cushion to help encourage risktaking, we might have had a more robust 90s on Broadway. Same with the tough times circa 2010.

Anything that can encourage risktaking is a good thing, IMO.

Where I think the current program failed is that it allows shows that turned a profit to still collect money from the state. Those funds should not be available to GOOD NIGHT & GOOD LUCK or OTHELLO.

Updated On: 8/23/25 at 01:11 PM

[DaveyG]

Posted: 8/23/25 at 1:21pm

CoffeeBreak said: "The "co-producer" types enjoy the parties, act like they are BIG in the business, make decisions (that they do not), are creatives (that they are not) etc. It's quite funny. They also hope to win a Tony, of which they will pay the $3,000.00 to get the trophy and post of its "arrival" never mentioning they paid for it (along with the hundreds of other producers)etc. Co-producers still should not be allowed to even purchase trophies for raising some money - it truly diminishes the award as a creative achievement - even if we know "co-producers" ($ bags) bought them."

I recently saw a TikTok post that I totally agree with: "If you had to purchase your Tony Award, you did not win one."

 

[CoffeeBreak]

Posted: 8/23/25 at 1:47pm

DaveyG said: "CoffeeBreak said: "The "co-producer" types enjoy the parties, act like they are BIG in the business, make decisions (that they do not), are creatives (that they are not) etc. It's quite funny. They also hope to win a Tony, of which they will pay the $3,000.00 to get the trophy and post of its "arrival" never mentioning they paid for it (along with the hundreds of other producers)etc. Co-producers still should not be allowed to even purchase trophies for raising some money - it truly diminishes the award as a creative achievement - even if we know "co-producers" ($ bags) bought them."

I recently saw a TikTok post that I totally agree with: "If you had to purchase your Tony Award, you did not win one."

SPOT ON.   Sadly, the general public doesn’t know these co producers, who have no pull, buy their importance. Another reason the Tonys should find other ways to make money than allowing them to buy their false-prestige. 

 

[BdwyFan]

Posted: 8/23/25 at 2:11pm

CoffeeBreak said: "DaveyG said: "CoffeeBreak said: "The "co-producer" types enjoy the parties, act like they are BIG in the business, make decisions (that they do not), are creatives (that they are not) etc. It's quite funny. They also hope to win a Tony, of which they will pay the $3,000.00 to get the trophy and post of its "arrival" never mentioning they paid for it (along with the hundreds of other producers)etc. Co-producers still should not be allowed to even purchase trophies for raising some money - it truly diminishes the award as a creative achievement - even if we know "co-producers" ($ bags) bought them."

I recently saw a TikTok post that I totally agree with: "If you had to purchase your Tony Award, you did not win one."

SPOT ON. Sadly, the general public doesn’t know these co producers, who have no pull, buy their importance. Another reason the Tonys should find other ways to make money than allowing them to buy their false-prestige.

"

The League and Wing will never give up the $3k per Tony.  It generates a lot of revenue for both entities.  Think about the hundreds of co pros!  

[GottaGetAGimmick420]

Posted: 8/23/25 at 4:52pm

You think the tax credit leaving is bad for Broadway? Try excluding co-producer types and their money. Broadway runs on egos and money, whether anyone on this board likes it or not! 

[Sammy232]

Posted: 8/23/25 at 7:06pm

GottaGetAGimmick420 said: "You think the tax credit leaving is bad for Broadway? Try excluding co-producer types and their money. Broadway runs on egos and money, whether anyone on this board likes it or not!"

Wasn't there a kerfuffle about this last year or the year before where the co-producers weren't allowed to go up to the stage at the Tonys and it was a big deal?

Updated On: 8/23/25 at 07:06 PM

[BoringBoredBoard40]

Posted: 8/24/25 at 12:29am

Some real assumptions being made here, not every co-producer on a show just writes a check, some of us are young folks working really hard to find investors so we can build our resumes. 

[theatrejunkie007]

Posted: 8/26/25 at 1:36pm

Does anyone have a concrete idea of if/when the tax credit funds could be reinstated?

[JSquared2]

Posted: 8/26/25 at 1:38pm

theatrejunkie007 said: "Does anyone have a concrete idea of if/when the tax credit funds could be reinstated?"

 

Nope. The Broadway League is lobbying hard, but no one knows anything.

 

 

[GottaGetAGimmick420]

Posted: 8/26/25 at 4:18pm

BoringBoredBoard40 said: "Some real assumptions being made here, not every co-producer on a show just writes a check, some of us are young folks working really hard to find investors so we can build our resumes."

It's worth mentioning though, co-producers aren't paid for their efforts when not writing a check. You literally only do it for 1. The credit 2. The parties 3. The possible Tony and 4. The possible profits. At least in this current climate. So there's no incentive for anyone to co-produce aside from those items. Especially when recouping is not guaranteed.

[BorisTomashevsky]

Posted: 8/26/25 at 4:23pm

GottaGetAGimmick420 said: "BoringBoredBoard40 said: "Some real assumptions being made here, not every co-producer on a show just writes a check, some of us are young folks working really hard to find investors so we can build our resumes."

It's worth mentioning though, co-producers aren't paid for their efforts when not writing a check. You literally only do it for 1. The credit 2. The parties 3. The possible Tony and 4. The possible profits. At least in this current climate. So there's no incentive for anyone to co-produce aside from those items. Especially when recouping is not guaranteed."

Are co-producers not drawing an office fee or a one time payment of their own from the investors’ funds? If not that’s a lot of people wasting a lot of time for a whole lot of nothing, in most cases. 

[bear88]

Posted: 9/12/25 at 11:26pm

The tax credit has been extended for shows starting by October 20, per a report today in the Broadway Journal. That’s an extension from Sept. 15 and is good news for Chess, Queen of Versailles, Liberation, and Little Bear Ridge Road, which are now eligible for the credit. The Broadway League is planning to lobby the state for more funds, according to Philip Boroff.

[Ensemble1711444445]

Posted: 9/13/25 at 8:58am

Liberation and Little Bear both desperately needed this on every level. It may save Chess as well as their paperwork is pretty daunting if you were looking to recoup. Queen has so many problems (creative, budgetary, finishing their raise, weak ticket sales and Maga Chenoweth)  that I doubt even 3 million can help. 

[Ensemble1711444445]

Posted: 9/13/25 at 11:04am

Hearing Nederlander just wrote a massive check to Lost Boys to bail them out. Tax credit or not.  Purple Rain also worried about tax credit as they are over 30 million and creatively not feeling like the show is a mainstream show. Very dark themes. 

[JSquared2]

Posted: 9/13/25 at 11:14am

BorisTomashevsky said: "GottaGetAGimmick420 said: "BoringBoredBoard40 said: "Some real assumptions being made here, not every co-producer on a show just writes a check, some of us are young folks working really hard to find investors so we can build our resumes."

It's worth mentioning though, co-producers aren't paid for their efforts when not writing a check. You literally only do it for 1. The credit 2. The parties 3. The possible Tony and 4. The possible profits. At least in this current climate. So there's no incentive for anyone to co-produce aside from those items. Especially when recouping is not guaranteed."

Are co-producers not drawing an office fee or a one time payment of their own from the investors’ funds? If not that’s a lot of people wasting a lot of time for a whole lot of nothing, in most cases."

Of course the co-producers do not get an office fee or any other sort of fee. The producer office fee is for only the Managing Members (or General Partners depending on how the entity is formed. 

[theatrejunkie007]

Posted: 9/13/25 at 11:41am

Ensemble1711444445 said: "Lots of limited run plays this season. Curious to see who can raise the money without a tax credit. Same goes for all the 20-30 million dollar musicals. Investors will need to step up this year."

I sure wish two strangers would have made the timeline, but it starts November 1…