#26
Posted: 7/5/17 at 5:11pm
A reputable source tells me GHD's nut is just south of 700k, meaning it is still profitable.
Updated On: 7/5/17 at 05:11 PM
Broadway Grosses: Week Ending 7/2/17 — Page 2
#27
Posted: 7/5/17 at 5:13pm
you realize that these numbers are the gross gross right? this is also the middle of the summer.
if the show (any show) isn't making money, real money, during this time the chances of it making past labor day are slim to none.
#28
Posted: 7/5/17 at 5:17pm
LEIGH said, "Can someone explain how Great Comet has gotten over 100% gross the last two weeks but hasn't been selling out? Granted, it's been within 0.5% of 100% capacity, but I still find it strange". Premium seats.
The potential gross is based, I believe, on REGULAR priced seats. So any and all premium sales effect the gross, regardless of how many seats were unsold .
Roughly, one premium seat @300 sells only one seat, but effects the grosses as two.
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Updated On: 7/5/17 at 05:17 PM
#29
Posted: 7/5/17 at 5:17pm
trpguyy said: "A reputable source tells me GHD's nut is just south of 700k, meaning it is still profitable."
I mentioned it two days ago in a different thread. Its nut is approx $695k / week but do not forget the capitalization was well over $16 mill. So using the word "profitable" is a little disingenuous...
#30
Posted: 7/5/17 at 5:32pm
if 695 is correct then they are losing money right now.
@dramamama I'm not sure what you are responding to, but the gross is the amount in the till at the end of the week, and has nothing to do with how much the tickets cost. perhaps you mis-spoke.
#31
Posted: 7/5/17 at 5:45pm
Liza's Headband said: "I mentioned it two days ago in a different thread. Its nut is approx $695k / week but do not forget the capitalization was well over $16 mill. So using the word "profitable" is a little disingenuous... "
Fair enough. My point is that it's not (yet) the dumpster fire that some are making it out to be, in my opinion.
#32
Posted: 7/5/17 at 5:48pm
also, despite the holiday weekend, COME FROM AWAY had it's best week yet.
A Chorus Line revival played its final Broadway performance on August 17, 2008. The tour played its final performance on August 21, 2011. A new non-equity tour started in October 2012 played its final performance on March 23, 2013. Another non-equity tour launched on January 20, 2018. The tour ended its US run in Kansas City and then toured throughout Japan August & September 2018.
#33
Posted: 7/5/17 at 5:50pm
I wonder how many people had tickets for Dolly thinking that they were going to see Bette...
#34
Posted: 7/5/17 at 5:58pm
HogansHero said:No one cares about the percentage of capacity.
HH, I know you know what you're talking about, but that confuses me. Isn't the percentage of gross potential (not percentage of capacity) very relevant? Aren't projected recoupment schedules based on precisely that number? I always thought that the higher the percentage of capacity a show show does, the faster it will recoup. Am I wrong about that?
"
CZJ at opening night party for A Little Night Music, Dec 13, 2009.
#35
Posted: 7/5/17 at 5:58pm
RaisedOnMusicals said: "The millionaires' club is becoming less and less meaningful as ticket prices continue to go up.
I suggest that we eliminate it and begin to refer to the 100% club, meaning shows that gross a minimum of 100% of their potential. It will be a much smaller (or more exclusive) club and obviously a very meaningful one.
I've updated my original post in this thread to all include a "100% Club" and will post both (in the same message) moving forward. I agree; it was quite interesting to look at it from that perspective as well!
#36
Posted: 7/5/17 at 6:07pm
This is my educated guess based upon what I know about budgeting for projects and events. The gross potential is the top amount. A good producer would make their budget based upon what they expect to gross. So, they could get a maximum of $1m per week, but they think they will gross around $800k a week. They would then build their budget based upon the $800k a week amount. If they go over, all the better. Similar to retail, a retailer never expects to sell all products at the "suggested retail price".
Updated On: 7/5/17 at 06:07 PM
#37
Posted: 7/5/17 at 6:07pm
ACL2006 said: "also, despite the holiday weekend, COME FROM AWAY had it's best week yet.
"
I wonder if this was due to Canada day.
My father (AIDS)
My sister (AIDS)
My uncle and my cousin and her best friend (AIDS, AIDS, AIDS)
The gays and the straights
And the white and the spades
#38
Posted: 7/5/17 at 6:33pm
10086Sundays said: "Indecent showing that last week's closing notice bump didn't carry over. Still surprised they extended a month. A week, I would have understood. Now, if numbers don't improve, they either have to limp until they close or admit they overextended and close sooner.
Hello Dolly can drop 1 million+ plus and still gross over $900,000. Not a bad position to be in.
Groundhog Day & Bandstand down for the 3rd week in a row. Hopefully they'll level off soon, but I think $500,000 a week is where they'll end up. I will continue to be grateful every day that I wake up and see that GHD hasn't announced a closing date yet, but it's coming.
I wonder why Charlie dropped? Obviously, it's not a huge drop, relatively speaking, or in danger, but with school getting out, it's just seems odd to me.
"
Groundhog Day is still grossing around 700k-800k a week. A closing date for A Bronx Tale, Bandstand, and War Paint will come before GHD announces one.
Use my code "YZTFG" for $20 OFF tickets on TodayTix!
#39
Posted: 7/5/17 at 6:43pm
HogansHero said: "@dramamama I'm not sure what you are responding to, but the gross is the amount in the till at the end of the week, and has nothing to do with how much the tickets cost. perhaps you mis-spoke."
I mis-typed. (I think), left out an important word. AND I thought I HAD hit the quote button. Sigh. (See, this is what happens with summers off, my brain just forgets how to do ANYTHING.)
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.
#40
Posted: 7/5/17 at 7:07pm
RaisedOnMusicals said: "HogansHero said:No one cares about the percentage of capacity.
HH, I know you know what you're talking about, but that confuses me. Isn't the percentage of gross potential (not percentage of capacity) very relevant? Aren't projected recoupment schedules based on precisely that number? I always thought that the higher the percentage of capacity a show show does, the faster it will recoup. Am I wrong about that?"
That quote was in relation to Comet and the anomalies in its reporting of percentage of capacity (something that has been happening since week 1). And when I said no one cares, I meant that no one cares if those numbers are correct in the sense that no one is paid anything based on them (and people only care about money LOL). So if you make a mistake in the grosses or in any calculation that results in something being subtracted from them, the accountants will be all over it because people get paid every week based on those numbers. But if the percentages are wrong, but the underlying numbers are right, that's really only something of importance to management, maybe some investors and the back-seat drivers on here 
But on to the 2nd half of your question. The grosses or capacities, standing alone, have no relation to the speed of recoupment because it is entirely dependent on what the expenses are in relation to the grosses. So if a show takes in 75% of its gross potential (let's say $750k, which is really a net of $675k ), but costs $800k to produce, then it will never recoup, whereas a show that takes in 65% of its gross potential (let's say $600k, $540 net) but costs only $450 to produce, is $90k closer to recoupment than it was on Monday morning. And the percentage of capacity has even less to do with it, because you can give away half the tickets and have 100% capacity, but you are bleeding money.
Does that help?
"
#41
Posted: 7/5/17 at 8:10pm
MaddieBB12 said: "RaisedOnMusicals said: "The millionaires' club is becoming less and less meaningful as ticket prices continue to go up.
I suggest that we eliminate it and begin to refer to the 100% club, meaning shows that gross a minimum of 100% of their potential. It will be a much smaller (or more exclusive) club and obviously a very meaningful one.
I've updated my original post in this thread to all include a "100% Club" and will post both (in the same message) moving forward. I agree; it was quite interesting to look at it from that perspective as well! "
Great Comet and Book of Mormon were also over 100% gross this week, jsyk.
#42
Posted: 7/5/17 at 8:48pm
trpguyy said: "A reputable source tells me GHD's nut is just south of 700k, meaning it is still profitable."
Oh, I hope so. Despite spending much of my time and money seeing other things (including Dave again in Comet today) I GHD and would be sad to see it go
I can't imaging the investors are happy, though, even if it's cash flow positive. The return on investment is abysmal (except the artistic return on investment)
#43
Posted: 7/5/17 at 9:03pm
Ooops, you're right! As was Wicked! I will update that!
#44
Posted: 7/6/17 at 3:23pm
Liza's Headband said: "trpguyy said: "A reputable source tells me GHD's nut is just south of 700k, meaning it is still profitable."
I mentioned it two days ago in a different thread. Its nut is approx $695k / week but do not forget the capitalization was well over $16 mill. So using the word "profitable" is a little disingenuous... "
Popping in to agree with Headband here. It is not profitable until they make back that ridiculous capitalization cost. And please, call me when that happens.
#45
Posted: 7/6/17 at 3:56pm
Anyone know if A Bronx Tale has recouped or when it might? Will it last into the fall?
#46
Posted: 7/6/17 at 5:43pm
It's averaged 90% of its gross potential.....so I can't imagine they are even thinking about closing.
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.
#47
Posted: 7/6/17 at 6:35pm
dramamama611 said: "It's averaged 90% of its gross potential.....so I can't imagine they are even thinking about closing. "
assuming the "it" you are referring to is Bronx Tale, its gross potential has been high 70s to mid 80s (the capacity being an avg of 90). Still I don't think they are even thinking of closing in the fall unless something changes. I think it is built to run at current grosses.
#48
Posted: 7/6/17 at 6:56pm
Actually, according to the stats, Bronx Tale has had an average of 89.999% of it's gross potential for the year. I thought that was close enough to 90.
https://www.broadwayworld.com/grosses/A-BRONX-TALE-THE-MUSICAL
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.
#49
Posted: 7/6/17 at 8:55pm
overall, yes, but I come from the what have you done for me lately school
#50
Posted: 7/6/17 at 9:01pm
Anyone have a clue what TGC's nut is? I figure it has to be insanely high, and not to mention the fact that they had to put so much money into it.
