EDSOSLO858 said: "Regional theatre subscriptions have also plummeted since the shutdown, which leaves the UK as the show's only hope of success."
This is less about subscribers and more about touring having a per-week Guarantee, plus a split of any earnings above that. While the tour is its own capitalization, it will likely be less than Broadway, and the tour pays a Royalty back to the Broadway entity every week. The tour personnel might also be able to be scaled down a bit compared to Broadway, and that + larger touring houses makes for a better profit margin.
I don't know how much, if any, was distributed on Broadway, which means slooowly chipping away at a $17.5mil capitalization through touring, international, and regional/amateur licensing.
That the show ran more than a year on Broadway + won a few Tonys is good for its brand identity and name value, compared to something that ran 6 months and is trying to use the above method to make back its money.
Updated On: 12/30/23 at 11:17 PM