I heard she's getting paid in Hamilton tickets.
Broadway Star Joined: 11/10/14
JBroadway said: "I heard she's getting paid in Hamilton tickets."
Probably 75K per week- close to 4 million per year- which is really a lot less than she would make going on tour or starring in a show at the Colosseum in Vegas- she has to be doing this because she loves to do it. I have read that she is worth a small fortune and therefore does not need to worry about financial matters - especially in her advancing years. I assume this is a real joy to her- though a hell of a lot of work.
$75,000 per week?
That can't be right. Nathan Lane and Matthew Broderick were making $100,000 for Producers. Bette has to be making more.
Doubtful. She's probably making minimum $100k per week.
Isn’t she getting a percentage from the merchandise? I wonder if she still got paid for merchandise profits from Donna days.
Playbill Article:
http://www.playbill.com/article/bette-midler-will-earn-big-bucks-in-broadway-revival-of-hello-dolly-com-381975
Broadway Star Joined: 9/15/16
I thought I'd read she was making $100k a week, plus a percentage of the grosses.
NYPost Article from January 2016 says her salary was $150K per week + a cut of the box office and merchandising. If she got, say, 5% of the box office each week, that's an additional $100K if the show grossed $2 million. So maybe she gets more than 5%, maybe less, but either way she's making bank.
(Of course, the NYPost could have been misinformed.)
Anyone have an idea what the weekly nut of the show is? It hasn't recouped and it's making so much per week.
Broadway Legend Joined: 2/25/05
poisonivy2 said: "Anyone have an idea what the weekly nut of the show is? It hasn't recouped and it's making so much per week."
Correction: they haven’t put out a press release saying they recouped. That doesn’t mean they haven’t (and I don’t know if they have or haven’t) — big difference.
Broadway Legend Joined: 5/28/13
trpguyy said: "poisonivy2 said: "Anyone have an idea what the weekly nut of the show is? It hasn't recouped and it's making so much per week."
Correction: they haven’t put out a press release saying they recouped. That doesn’t mean they haven’t (and I don’t know if they have or haven’t) — big difference."
Yeah. Rudin doesn't ever announce recoupment when he's lead producer, does he? I can't remember.
BTW -- Midler is making well over $150k / week. Likely closer to around $200k when all is said and done.
Liza's Headband said: "trpguyy said: "poisonivy2 said: "Anyone have an idea what the weekly nut of the show is? It hasn't recouped and it's making so much per week."
Correction: they haven’t put out a press release saying they recouped. That doesn’t mean they haven’t (and I don’t know if they have or haven’t) — big difference."
Yeah. Rudin doesn't ever announce recoupment when he's lead producer, does he? I can't remember.
BTW -- Midler is making well over $150k / week. Likely closer to around $200k when all is said and done."
Plus merch. And album sales. How is the cast album selling ?
Liza's Headband said: "trpguyy said: "poisonivy2 said: "Anyone have an idea what the weekly nut of the show is? It hasn't recouped and it's making so much per week."
Correction: they haven’t put out a press release saying they recouped. That doesn’t mean they haven’t (and I don’t know if they have or haven’t) — big difference."
Yeah. Rudin doesn't ever announce recoupment when he's lead producer, does he? I can't remember.
BTW -- Midler is making well over $150k / week. Likely closer to around $200k when all is said and done."
He announced recoupment for The Book of Mormon, The Humans, Fish in the Dark and The Front Page.
http://www.playbill.com/article/tony-winning-broadway-hit-the-book-of-mormon-recoups-com-185016
http://variety.com/2015/legit/news/fish-in-the-dark-recoup-larry-david-1201501774/
http://variety.com/2016/legit/news/the-humans-recoup-broadway-1201864762/
http://variety.com/2017/biz/news/the-front-page-recoup-broadway-nathan-lane-1201955915/
With a show that has put $88m in the till, I would have said they’ve recouped.
With the money they have to pay Midler, they don’t have to pay out in advertising.
Phantom of London said: "With the money they have to pay Midler, they don’t have to pay out in advertising."
DOLLY had more advertising that most other shows on Broadway, especially leading up to the Tonys. Probably more than it needed. And tons of full page ads in the New York Times + little ads that would just say things like "IT TAKES A WOMAN" in red. That all adds up.
How much would taking a full page ad in NYT cost? Or even a billboard in TS?
Broadway Legend Joined: 2/10/11
Bette Midler has always seemed like a very smart cookie to me. When a show charges considerably more than all other shows from the first day that tickets go on sale, only because the star is Bette Midler, I am guessing that she is getting a significant percentage of that overage. When the gross goes down over a million dollars a week when she is out, that provides pretty major evidence that she is single-handedly responsible for the blockbuster status.
With that in mind, I would be very surprised if her contract didn't provide the opportunity for her to gross at least $300K a week from the getgo. If I am off, I will bet she is making more rather than less.
Altering this on 1/10: between them, Lane and Broderick were making $200K between the two of them when the show was grossing (I think) a little more than a million a week. Midler grosses over $2MM, and the gross goes down by more than 50% when she is out. I'll bet she is making closer to $400K than $300K. If she is not, then she is not as smart as I assume she is.
The original offering papers for the production (to potential investors) didn’t show a projected recoupment until around two weeks before Midler was scheduled to depart the production. Now the show may have well exceeded expected grosses and recouped earlier, but it wasn’t exactly a show with huge potential dividends forinvestors. The produxtion’s mounting and running costs are of course very sizable.
As I said earlier the show has $88m in the till so say the show cost $16m to mount. That would been the show would have $72m in weekly costs.
So the production has run for 42 weeks if you divide by $72m, you would get a weekly cost of $1.71m, say that Bette does earn $350k a week, then you would have in the region of $1.3m to pay the bills, no way would Dolly need $1.3m to pay the bills.
It has recouped. Also in the weekly nut, you don’t need to pay for advertising, as the show is sold out. The earlier advertising was likely to be paid out of the mounting cost.
Almost all Broadway shows include advertising in weekly running costs.
Broadway Legend Joined: 2/10/11
Phantom of London said: "As I said earlier the show has $88m in the till so say the show cost $16m to mount. That would been the show would have $72m in weekly costs.
So the production has run for 42 weeks if you divide by $72m, you would get a weekly cost of $1.71m, say that Bette does earn $350k a week, then you would have in the region of $1.3m to pay the bills, no way would Dolly need$1.3m to pay the bills.
It has recouped. Also in the weekly nut, you don’t need to pay for advertising, as the show is sold out. The earlier advertising was likely to be paid out of the mounting cost."
I would bet money that Scott Rudin decided not to announce when Dolly returned its investment; either it returned it a long time ago -- like about 6 or 7 months into the run -- or he is not the businessman that I assume he is. No one would produce a musical again if a show like HD ran for a year at the grosses that it has had, and did not returned its investment and a healthy profit to its investors. Even with Midler's salary, it must have made at least a million a week in profits for all the weeks Midler was in itI do not know how that gets distributed between the investors and everyone else; even at 50%, Dolly would have to have returned its investment as well as an excellent profit.
Again, the original offering papers made it clear that the extremely high costs of producing the production in correlation to the amount of time Midler committed to the run made this essentially a prestige production. Yes, it expected to recoup but definitely not much before Midler’s contract was up. Believe or not, I know people who passed on the chance to invest in the show because the buy ins were very high and the expected profit to investors wasn’t that great.
Rubin had made a big deal of issuing press releases every time the production has any box office accomplishment. I think it’s safe to bet he will announce when the production recoups.
In fairness only time will tell, if a recoupment statement gets issued.
With the Math I provided earlier and said it makes $1.3m a week, this is because of super premiums tickets, it would be madness and the economics of failure to have a show that costs more than $800k a week to run.
Yes Bette Midler is a massive name playing a iconic role, but you can never second guess what sells on Broadway, this could've got cold reviews, Midler performance slated and ended up on TKT's. Think of someone recently who should've shifted a similar amount of tickets and that would be Bruce Willis, a massive movie star on Broadway, what not to like?
With advertising the cost would've been met out of the mounting cost, as the mounting cost is all the costs up until opening night, by opening night, it was clear that Dolly didn't need to advertise anymore, with $39m in the till by then
But the show has continued a massive advertising campaign, even with sell out status. That can not all be out of the initial operating costs.
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