"Soon all of Broadway is nothing but spectacle with tickets of $200 or more each."
It's leading that way anyway, It practically IS that way right now. It doesn't matter what prices are -- if the people are paying, then there is obviously a market and the the producers can charge what they want. *I* won't be able to afford the show, and most of my friends and people I know won't be able to afford to see it, but if others can and the show can make a run for its money, then kudos to them.
BUT if they charge $200 a ticket, and people DON'T buy them, thus forcing the show to close or lower prices, then that has taught the producers a lesson and next time prices won't be set that high.
But they never said they would set a $200 ticket price, did they?
The facts are that the producers took on the project with a projected expense. They knew what theater they had months in advance, thus knowing how many seats it has. They're not gonna put money into this without knowing they can profit off of it. They're smart with numbers. They know the math. They knew all this even before the project was green-lit.
IF the show is cancelled, it's not due to the original expense. It's cancelled either because the cost is growing higher than anticipated, there are creative differences, original funds are lost, etc. But it's NOT because of the original projected expense.
"The Spectacle has, indeed, an emotional attraction of its own, but, of all the parts, it is the least artistic, and connected least with the art of poetry. For the power of Tragedy, we may be sure, is felt even apart from representation and actors. Besides, the production of spectacular effects depends more on the art of the stage machinist than on that of the poet."
--Aristotle