Posted: 4/19/23 at 3:42am
My memory is bad on this one:
How much of a boost do Tony Award nominations really provide? I was always under the impression that only the Best Musical win really helped, although that theory has took a hit last year - albeit a predictable one.
The shows we expect to be nominated for a bunch of awards will get them in a couple of weeks, and that will help, at least with marketing. But none of the new musicals, save & Juliet, really looks like it might be a hit, especially in the summer. Every other new show, except for A Beautiful Noise, which at least has a solid average ticket price, is again hovering below $100.
I'm sure there are examples of shows, especially new ones without stars or familiar material, that have struggled to find an audience and then did. But this season is rather discouraging on that front. All the new musicals, save one that's based on a pre-existing score, are muddling along. Only Bad Cinderella seems like a disaster but none of them are doing much more than filling most of their theaters, and some aren't doing that. (I know it's still early on New York, New York and even Shucked.)
Unrelated question, similar to my Parade query a few weeks ago: Is Sweeney Todd on track to make money. The box office is obviously good, the theater is full, the reviews are fine, and it seems to have maxed out just below $1.8 million a week. That's awfully good, especially for just 7 shows a week, but can it turn a profit at that rate if it closes in January - assuming its box office remains strong into the fall?