The audiences are spread too thin. There have been so many choices that the attendance to some shows are smaller and spread out rather than being contcentrated at fewer theatres. Especailly with the economy being as it is now, audieces are choosing more carefully and going to fewer shows because of the cost and other factors.
uncageg, thanks for reposting that video, I missed it the first time it was posted. It was quite interesting.
Updated On: 12/6/08 at 01:09 PM
You're welcome Kay. I actually watched it again before I posted the link. I think that anyone who is wondering what may happen to Broadway should watch it. I am not sure that all of their "predictions" will come to fruition, but these two men know what they are talking about. And some of what they talked about is already happening both on and off-Broadway.
There's going to be a Flintstones musical? Why?!?!
The dumbing down of Broadway.
If they do not hold the line on ticket prices, it will take longer. Wall st execs will not have the money they used to have & the great money machine known as Wall St will never be the same.How the city & state will balance their budgets will take Houdini.
If they were smart, they would legalize casino type gambling state wide.
Who on this list pays full price for most of the shows they go to? Producers aren't going to be lowering their "list" ticket prices, but you can be sure that in the coming months most of those seats will be filled for one helluva lot less than $120. Broadway will have to adapt in the coming years. There will still be mega-hits like Wicked and Jersey Boys, but the other houses will either be dark or filled with less costly (and hopefully creative and interesting) fare.
The economy won't be rebounding anytime soon. If you want to read something interesting Google the economic panic of 1873. We're in a very similar predicament now.
Broadway Legend Joined: 5/16/03
Reality check has hit home. In my case, I just took a 10% pay cut and a bigger co-pay on med insurance.
This is happening all over, and the entertainment industry take note. Same holds true for restaurants, hotels, and the root of it all: real estate (unaffordable rents).
Luxury items (entertainment, dining out, vacations) SHOULD be the things that take a hit during hard economic times. While I'm not HAPPY about it, it makes sense.
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