On a budget of 5.5 million.
http://news.yahoo.com/broadways-once-recoups-investment-170112988.html
Broadway Legend Joined: 11/8/11
wow that was fast...
Is Once the only show to officially recoup so far out of last season...
Updated On: 8/13/12 at 02:28 PM
musical shows you mean? Death of a Salesman recouped. Newsies is Disney so they don't usually say but we can prob guess that they've recouped or recouping soon too. I heard another show is close (too).
Newsies has not recouped yet, as far as I know. I wouldn't call it close to recouping either, but it's definitely on track to do so.
Good for them!
Broadway Legend Joined: 3/16/06
Newsies' budget must be higher than the $5m that was reported if it hasn't recouped yet but I reckon it'll recoup in the next few months, will be the fastest Disney show to recoup.
Recouping isn't just dependent on your development costs, it is also dependent on your weekly operationg costs, this is where I think 'Once' is on a win win situation, with just a basic set of a Dublin bar, with a cast of 8-10 actors, who just happen to play all there own instruments, you don't get more primal than that.
When 'Book of Mormon' opened last year in the spring, a year earlier than Once, but the same time of year, I didn't think any other show would ever recoup quicker than BOM, which made all its money back by October last year. So Once recouped two months quicker.
Good for them! Faster than any Broadway show in more than a decade. Well-deserved.
Didn't the revival of Hair recoup in 16 weeks?!??
Spelling Bee recouped in 18 weeks...
Updated On: 8/13/12 at 04:38 PM
Very much well deserved. I love this show and glad to see it reach this success. And, to think that there was a thread a couple of weeks ago, stating that due to Once being on TKTS it must be in trouble.
Also, Disney did announce that Poppins recouped. What's to say that they won't do the same with Newsies?
Broadway Legend Joined: 6/5/09
Amazing what jacking up ticket prices can do.
Congrats to the producers for raking in the bucks.
big congrats to Once!!
Because in the same press release Disney stated the only reason that they announced the recoupment was due to Makintosh's involment and that they wouldn't likly be announcing recoupments in the future.
Updated On: 8/13/12 at 04:57 PM
Amazing what jacking up ticket prices can do.
What's so amazing? You sound surprised. Regardless the pricing, attendance has rarely dipped below 90% and has maintained above 97.5% since before Memorial Day before and after the Tonys.
Congrats to the producers for raking in the bucks.
Are you congratulating only the producers of Once, or the producers of every show that has done exactly the same thing?
Broadway Legend Joined: 8/13/09
I'm sure AfterEight meant to say "congratulations to all the suckers who got tricked into buying tickets for Once"
Broadway Legend Joined: 6/5/09
"I'm sure AfterEight meant to say "congratulations to all the suckers who got tricked into buying tickets for Once""
No. What I meant to say, I said.
But if I were actually to say something along the lines of what you have imputed to me, it would be "my sympathies to all the unfortunate folk who got tricked into buying tickets for Once...... and then saw it."
But, hey, this is not a day for negative thoughts.
This is a day for celebrating people lining their pockets swiftly and bountifully by raising ticket prices.
Job well done!
After Eight I know being contrary is your MO, but regardless of what you think of Once it's recouping should be celebrated. Producing a Broadway show is risky and expensive and most producers loose thier investment. If we want Broadway shows to continue to exist we need wealthy producers who are willing to invest in them. A show recouping, especially a show recouping quickly, encourages producers to invest in new shows and the more shows that get produced the better the chances are that a show you'll like will get produced.
Broadway Legend Joined: 6/5/09
^
WW,
Your argument is reasonable. And yet, theatre ticket prices are such that many people can no longer afford to go. I don't see that trend improving, especially when producers jack up ticket prices immediately after a show wins Tony Awards. And I'm not just referring to Once here.
To be priced out of going to the theatre? To me, that is no reason to cheer.
AE, how much were the tickets jacked up? I actually see your argument--quality of the show aside, I think ticket prices continue to be a huge issue with Broadway, and it can be depressing (even if on one level it's understandable) seeing how producers take advantage of that.
Wow, I'm naive. I sorta assumed tickets would be in the under $100 range. I remember a couple of years back thinking that $90 dollars for the fourth row of the tour of A Chorus Line was a lot--I guess I was wrong.
The impressive thing about ONCE recouping is that people ARE paying for the tickets at their current prices...it's not as simple as 'raising prices', evident because most Broadway shows close without a profit despite charging high prices. They have successfully balanced the pricing of tickets, supply and demand...
Featured Actor Joined: 5/11/12
And also proves that you don't need a " star" to have successful show on broadway.
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