If you read further, there is very good analysis of the economics and profitablity of A STEADY RAIN. The analysis came from Bloomberg.com, which makes the facts seem totally credible.
>>>Running Costs
Where does the rest of that $1.2 million go? About $72,000, or 6 percent, to the landlord, which is the Shubert Organization. Weekly running costs of about $250,000 cover stagehands, ushers, box office personnel, general management, overhead and the like.
That leaves $638,000 for the 10 producers (among them the Shuberts, so their take is actually substantially more than the rent check) and participants in the profit pool, which includes Huff, along with the director and designers.
Cost of the physical production was negligible: The set consists of two kitchen chairs under a pair of suspended lights and a now-you-see-it, now-you-donâ??t Windy City backdrop. â??The Phantom of the Operaâ?? it is not. <<<
If it is true that they are netting over $ 600,000 every week and the capital investment is $ 2.5 million ( quoted by Variety earlier), that means a return of almost 300% over a three-month period.
Updated On: 10/21/09 at 07:33 AM