witchoftheeast2 said: "Theater is not dying or dead. You can't expect every season to full of smash hits. How exactly do you expect to change the business model?"
You can’t unless the costs reduce. There are only two main variables, the revenue and the costs. I would suggest the revenue is pretty fixed right now and uncontrollable - audiences aren’t willing to pay more, theatres can’t get bigger. And it’s too difficult to understand how to create a smash hit that will run for years at capacity at high prices which seems to be the necessary condition for these shows to be financially viable.
Therefore, the only thing that can possibly budge is the costs but everyone keeps saying they can’t.
Well the numbers just don’t add up. I don’t think we can compare historic Broadway to now because Broadway has never had such a broken economic model before. When in recent history has almost no new musicals recouped over a period of 6 years? (Post COVID).
The only thing that will keep it going is people pouring money into shows accepting the risk they will lose it in even greater likelihoods than ever seen before. Well the word on the street, producer statements etc. seems to suggest it’s getting harder and harder for people to do this.
The new Broadway musical might not be dead, but it has to be dying because its life blood as a capitalist enterprise, money, is wearing too thin.
Give me claws and a hunch, just away from this bunch.
Updated On: 4/15/26 at 10:46 AM