BroadwayConcierge said: "Fosse76 said: "How would the Shuberts be losing any money?
When a theater doesn't have a show to bring in ticket sales, its owners incur losses for a number of reasons, perhaps most obviously the fact that they don't have immediate revenue for house essentials like lighting, heat, A.C., etc.
The Shuberts don't lose any money from a closed house. In fact, they'd rather have it empty than have a production in there that is flopping. Other than minimal heat in the winter, there are no expenses incurred with a dark theater. No electricity is being used, and no cleaning/upkeep occurs. And they don't pay taxes on empty theaters.