Posted: 12/21/22 at 10:13pm
StylishCynic said: "CatLady3 said: "EDSOSLO858 said: "I had a feeling this title would surpass MG’s single-week record around Christmastime.
The goal for them is to rake in as much dough as possible with Michele these next number of months, since the show is likely going to close in May at the end of her contract. At this rate, they might come very close to breaking even. Who knows, maybe they’ll recoup close to shuttering.
All this goes to show there is noFunny Girlwithout Michele. If it tours, she’ll launch it at the very least.
"
Pretty sure they've already recouped - FG has been averaging $1.7m for 14 weeks and I read that capitalization was $15m. Not to mention the early $1.3m weeks from Beanie's run..."
There seems to be a trend —especially with Rudin’s shows— as of late where shows are withholding their recuperation announcements.
Hello, Dolly! didn’t announce until near the end of Bette’s second run and that never quite added up (unless Bette was truly taking a huge piece of the pie home).
It’s almost like the producers want theater fans to believe a narrative where the shows still desperately need to sell out at these enormous ticket prices or the investment is at risk. Seems they’re afraid of telling the world they made back all their money after 6 months and everything after is pure profit. So now they wait until the closing date is announced and then wait a few weeks before for a last PR hurrah."
I think it was well known that the weekly nut for Hello Dolly! was through the roof. Jerry Herman and Bette Midler charged an arm and a leg. Apparently the investors didn't really get much back for Hello Dolly!
Here's an article about the financials of Hello Dolly!:
https://www.forbes.com/sites/leeseymour/2018/08/27/hello-dolly-closes-with-broken-records-trickling-roi/?sh=6bbe7f7f2dd0
Another article says an investor only made $5000 back:
https://www.nytimes.com/2021/04/24/theater/scott-rudin.html
