Posted: 4/10/18 at 3:17am
Posted: 4/10/18 at 5:43am
Posted: 4/10/18 at 10:11am
I am making the assumption that Cursed Child and Frozen don't have a weekly nut of over $1 million as the only show we know of to of ever had such a high nut was Spiderman. Due to this considering the financial difficulties that comes with a nut so high, even for "Critic Proof" shows like Cursed Child and Frozen, I don't think Disney nor Sonia Friedman would take such a risk. Due to this do we think that Frozen will recoup by end of Summer? I know we won't get a formal announcement, and it is to be assumed that the Broadway productions recoups when Disney announces a tour. Do we think this will be sooner rather then later as the show seems likely to gross over $2 million through summer, making over $1 million a week?
I know Cursed Child will take much longer to recoup considering they had to pay to the renovations to the Lyric so I can't imagine the production costing less then $25 million.
Posted: 4/10/18 at 10:44am
If a ticket is sold and money is being made, what does it matter to those handling the grosses if the ticket holder shows up or not? Percent capacity is based on tickets sold, not tickets scanned.
Posted: 4/10/18 at 11:39am
TheatreRocks said: "If a ticket is sold and money is being made, what does it matter to those handling the grosses if the ticket holder shows up or not? Percent capacity is based on tickets sold, not tickets scanned."
I think the point being made (and I actually think it's a good point...) is that scalpers and re-sellers are purchasing a lot tickets, creating a "100% capacity" situation for certain shows, even if they were not able to re-sell those tickets, and no one showed up to sit in the seats. Therefore, if many seats for Frozen are available on StubHub at low prices, perhaps it is masking the demand for the show a bit, compared to what is currently showing on the grosses of high demand, a high average ticket price and SRO attendance. I still think the show is doing quite well, esp. if those re-sellers are making money for some tickets, while losing money on others... but it's definitely something to consider going forward.
Posted: 4/10/18 at 12:24pm
Sorry, that was my mistake. I was thinking of the wrap reports I have seen where the actual attendance is reported, and not noticing that the column header on the Grosses page here is indeed "Tickets Sold."
Posted: 4/10/18 at 1:48pm
bdn223 said: "Due to this do we think that Frozen will recoup by end of Summer?"
No, that seems way too soon. Just with their weekly costs, it is only a fraction of their weekly take going towards recoupment.
Posted: 4/11/18 at 2:37am
bdn223 said: "I know Cursed Child will take much longer to recoup considering they had to pay to the renovations to the Lyric so I can't imagine the production costing less then $25 million."
I thought ATG paid for the renovations in order to lure Cursed Child to the Lyric. If that's the case, would that be part of Cursed Child's bottom line?
Posted: 4/11/18 at 11:39am
haterobics said: "bdn223 said: "Due to this do we think that Frozen will recoup by end of Summer?"
No, that seems way too soon. Just withtheir weekly costs, it is only a fraction of their weekly take going towards recoupment."
Yes but do we really think Disney would budget a show with a nut over a $1 million? Even if its $1 million on the nose and the show maintains a $2.2 million gross through the labor day, which seems likely at this point, that would equate to over $25 million in gross profit. Unless the show is on par with Spiderman in terms of costs or Disney is using funky accounting it doesn't seem statistically possibly for the show not to recoup by the end of October and that would be assuming a $35 million dollar budget.
Posted: 4/14/18 at 4:53pm
In this new New York Times article, it cost $68.5 million to bring Harry Potter and the Cursed Child to Broadway.
https://nytimes.com/2018/04/14/theater/harry-potter-broadway.html
Posted: 4/14/18 at 5:42pm
sorano916 said: "In this new New York Times article, it cost $68.5 million to bring Harry Potter and the Cursed Child to Broadway.
https://nytimes.com/2018/04/14/theater/harry-potter-broadway.html"
and the article also makes clear that roughly half of that number is being borne by the landlord, not the production.
Posted: 4/14/18 at 5:50pm
bdn223 said: "Due to this do we think that Frozen will recoup by end of Summer? I know we won't get a formal announcement, and it is to be assumed that the Broadway productions recoups when Disney announces a tour. Do we think this will be sooner rather then later as the show seems likely to gross over $2 million through summer, making over $1 million a week?"
DTG typically predicts their productions to double their money in two years.
Expect a Frozen tour to launch fall 2019.
Posted: 4/14/18 at 7:45pm
HogansHero said: "sorano916 said: "In this new New York Times article, it cost $68.5 million to bring Harry Potter and the Cursed Child to Broadway.
https://nytimes.com/2018/04/14/theater/harry-potter-broadway.html"
and the article also makes clear that roughly half of that number is being borne by the landlord, not the production."
That said, I am flabbergasted that a show that is presumably a carbon copy of the the London production and is not a musical could cost $35MM. For people who have seen it -- I have not even been able to get tickets, every time I am granted the opportunity, the only seats I have been offered are $299 per part plus fees, or more than $1,200 for 2 tickets -- can you see the $35MM?
