Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Broadway Grosses: Week Ending 05/29/2016 (Part 2)
#1Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/1/16 at 3:07pm
Just thought it would be interesting to look at theater grosses through a different lens, that by theater operators, so here goes;
1 - Nederlander (The Lion King)**
2 - Nederlander (Hamilton)
3 - Nederlander (Wicked)
4 - Disney (Aladdin)
5 - Jujamcyn (Book of Mormon)**
6 - ATG (Paramour)
7 - Shubert (School of Rock)
8 - Shubert (The Phantom of the Opera)**
9 - Nederlander (Waitress)
10 - Shubert (Shuffle Along)
11 - Shubert (Act of God)***
12 - Inderpendent (Beautiful: Thye Carole King Musical)
13 - Nederlander (On Your Feet)
14 - Nederlander (An American in Paris)
15 - Shubert (Matilda The Musical)*
16 - Shubert (Les Miserables)
17 - Shubert (Fiddler On The Roof)
18 - Jujamcyn (Something Rotten)
19 - Jujamcyn (Kinky Boots)**
20 - Roundabout (She Loves Me)
21 - Nederlander (Finding Neverland)*
22 - Shubert (The Color Purple)
23 - Shubert (Chicago)**
24 - Lincoln Center (The King and I)**
25 - Jujamcyn (Jersey Boys)**
26 - Jujamcyn (The Crucible)
27 - Second Stage (The Humans)
28 - Roundabout (Long Day's Journey Into Night)
29 - Shubert (Bright Star)
30 - Shubert (American Psycho)*
31 - Shubert (Tuck Everlasting)*
32 - Shubert (The Curious Incident of the Dog.....)*/**
33 - Shubert (Blackbird)
34 - Independent (Fun Home)**
35 - Shubert (Fully Commited)
36 - Shubert (Eclipsed)
37 - MTG (The Father)
*Posted Closing Notices/Closed
**Tony Winner
***Ony played 2 performnaces, so multiplied their week gross by 4.
#2Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/1/16 at 3:17pm
The Nederlander's must be making bank
#3Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/1/16 at 3:45pm
I don't know anything about how theatre rentals work, but I would guess that a show's gross doesn't really impact how much the theatre operators make, does it? Seems like paying to use the theatre would just be a constant amount of money, which would be part of show's the weekly running cost.
Please correct me if I'm wrong; I would love to learn more about this process.
#4Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/1/16 at 4:07pm
JBroadway said: "I don't know anything about how theatre rentals work, but I would guess that a show's gross doesn't really impact how much the theatre operators make, does it? Seems like paying to use the theatre would just be a constant amount of money, which would be part of show's the weekly running cost.
Please correct me if I'm wrong; I would love to learn more about this process. "
The lion's share of the revenue to the theatre owner is percentage rent. That is why there are stop clauses in all of the agreements-because the owner needs to be able to kick a show out if it is underperforming. As long as you're learning, the agreements are not actually leases; they are license agreements. It's too complicated to explain why that is here, but suffice it to say it works to the owners' advantage.
RippedMan
Broadway Legend Joined: 8/14/05
#5Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/1/16 at 4:07pm
You are correct, the rent is the same. But, sometimes the theater owners put some money up to invest in a show, and therefore are producers. Not sure if that's the case with the Nederlanders, but I'm sure it's nice to have 3 giant hits that won't be closing in the foreseeable future.
Just wish they'd build some new theaters on Broadway.
#6Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/1/16 at 4:10pm
sorry, Ripped but no. see above
Mike66
Leading Actor Joined: 12/17/15
#7Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/1/16 at 5:06pm
I've never seen a Broadway lease. But I would make an educated guess that every Broadway landlord has a financial interest in "the gate."
I have seen (and drawn) many commercial leases, and in many. many business settings the landlord gets part of the gross receipts. This is common in shopping malls, for example. The landlord has the right to install (and in some cases even operate) the cash registers. (Some smaller businesses "fight back" by working out an "open till" and not recording all the transactions.
Of course, considering the transparency of Broadway sales, I suspect that's not a problem on Broadway -- now that I think of it, I'd guess that the landlords run the box offices from start to finish, no?
#8Broadway Grosses: Week Ending 05/29/2016 (Part 2)
Posted: 6/2/16 at 10:04am
JBroadway - Just to give you an idea, I currently have a show in a Nederlander theater, and our agreement is $10,000 fixed rent, and 5% of the net box office receipts (which is gross box office minus taxes). Most theatre owners also include a kicker than increases their gross if the show runs a certain length (mine increases to 6% after 6 months).
So, if a show is grossing 500k, the theatre gets 10k + 25k = 35k. If it is grossing $1m, the theatre is walking home with 10k + 50k = 60k (weekly).
All this to say, yes, the nederlanders ARE making bank :)
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