Posted: 2/13/18 at 11:12pm
qolbinau said: "Mmm, I can't imagine them spending this amount of money if the main goal was just to have schools perform it afterwards. To me, it really looks like they (perhaps overly ambitiously) thought this show was going to be a mega-hit like The Lion King or Wicked. It did seem to absolutely tank in Chicago, but I'm guessing the producers thought there wouldbe more of a market for it in NYC (e.g., more tourists). And the show itself has its moments - so I imagine those close to the show thought it'd be a good crowd pleaser. But yes, they seem to have been mistaken. Given sales have been slow from the very start (i.e., before the moment people even walked through the door) it does make me feel that the market for this show just isn't there.At least, not in a way that is financially sustainable in live theatre today. ESPECIALLY at this time of year."
While all of these points are 100% valid, I think we are vastly underestimating the amount of money a recognizable property can make from licensing. Disney's THE LITTLE MERMAID and TARZAN had very similar runs and financial tanks. Yes, they are DISNEY...but professional theatres (and non-professional) with subscriber bases sell to single ticket buyers by having their subscribers invite friends to such recognizable properties.
The reason so much money is being dumped into this property is because it is a long-game strategy. there is something that draws audiences to a regional/high school/whatever production AFTER the show has been on Broadway or made into a film. That encourages hundreds, if not thousands of theatrical organizations, both professional and non, to produce said work. And they all pay to produce it. And I'm sure there are many young auteurs out there who feel they truly know Spongebob and would want to direct. Folks will want to put their marks on this show for years..
Example: the Paramount Theatre outside of Chicago recently did a production of MERMAID that was lauded by critics and audiences alike - the same crap show we saw on Broadway with the spinning bongs and dreadful book. But it was beautiful to watch (far more than the Broadway production) and enraptured children. It was a massive hit. You couldn't get near this nearly 2,000 space, producing 8 shows a week for 6+weeks - and then they ADDED shows to some 10 performance weeks.
No one in New York wants to see Spongebob sing. But many people in this country would, and on top of that, have children that would die to - and if the musical and be legitimized as a property, it is one that is more attractive for other organizations to produce.