Book of Mormon Set to Recoup by October
Book of Mormon Set to Recoup by October
#1Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 10:08am
Cool article detailing the financial side of Book of Mormon's success. Howard Sherman tweeted it earlier.
7 month recoupment for a musical is insane. Good for them.
Bloomberg: Scott Rudin’s $9 Million ‘Mormon’ Gamble Returns Cash, Creative Dividends
Updated On: 8/24/11 at 10:08 AM
#2Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 12:10pm
Very interesting article for those interested in the "business" part of show business. I'm sure all the young actors are pleased with their salaries, but will certainly ask for more when their contracts end.
Investors never know if they will see a dime of their gamble, but these folks hit the jackpot. Do they also receive revenue from CD sales and/or tours?
#2Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 3:44pm
Does anyone know where you look for these investment opportunities?
Is this only through friends of friends?
Not to be confused with Dave19.
#3Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 3:52pm
You can always find a producer looking for investors. If you have money to invest, I'm sure most would be happy to take your call.
Of course for every BOOK OF MORMON there are 10 WONDERLANDS so buyer beware if making money based on theatrical investment is your goal.
#4Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 3:56pmThat isn't quite right Michael Bennett. It is actually between 25 and 30 percent most seasons (This includes plays and musicals on Broadway only).
David walked into the valley
With a stone clutched in his hand
He was only a boy
But he knew someone must take a stand
There will always be a valley
Always mountains one must scale
There will always be perilous waters
Which someone must sail
-Into the Fire
Scarlet Pimpernel
dramamama611
Broadway Legend Joined: 12/4/07
#5Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 5:25pm
That's insane -- but in the very best of ways!!!!
Can anyone tell me what would be an "average" recoupment time line? I remember that Spring Awakening recouped in under a year (11 months?) and it was a big deal.
If we're not having fun, then why are we doing it?
These are DISCUSSION boards, not mutual admiration boards. Discussion only occurs when we are willing to hear what others are thinking, regardless of whether it is alignment to our own thoughts.
dramamama611
Broadway Legend Joined: 12/4/07
#6Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 5:25pmDouble post.
If we're not having fun, then why are we doing it?
These are DISCUSSION boards, not mutual admiration boards. Discussion only occurs when we are willing to hear what others are thinking, regardless of whether it is alignment to our own thoughts.
Updated On: 8/24/11 at 05:25 PM
Gaveston2
Broadway Legend Joined: 6/28/11
#7Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 5:27pmYes, indeed, Michael Bennett. Any investment in a Broadway show should be considered a charitable donation to the arts. If you see a return, then that's like winning the lottery, a happy surprise.
#8Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 5:36pmI've heard that cast recordings don't usually make a profit.
Gaveston2
Broadway Legend Joined: 6/28/11
#9Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 6:04pm
^^^^^
I've heard that, too, about cast albums. But we have so many of them, including recordings of so many out-and-out flops and even shows that failed to reach Broadway, that I wonder.
Maybe the truth is they just take very long to recoup. (Or maybe a CD helps to encourage amateur productions of the show.)
There's got to be some reason they keep doing them even though OC albums haven't topped the pop charts since the 1960s.
#10Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 6:10pm
This Cast Album will certainly make a healthy profit. I'd be shocked if it hasn't already. I heard Ghostlight/Sh-k-boom put up most if not all of the recording/distribution costs, so not sure what percent would go to the producers.
"Broadway...I'll lick you yet!"
It's All Good
Chorus Member Joined: 2/5/06
#11Book of Mormon Set to Recoup by October
Posted: 8/24/11 at 9:02pm
The article mentioned that they didn't calculate royalties when looking at weekly running costs. Does that mean its possible to pay royalties out of your weekly PROFIT vs. GROSS? Also, do royalties have to be calculated weekly?
Sorry, questions I've always had. All the GMs out there, feel free to fill me in!
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