DaveyG said: "Apparently 3 million dollars of the cap is reserve so they can take some losses for a few months. But at some point, it has to pay for itself. I'm not hopeful for it."
That's a healthy reserve, but keep in mind that USUALLY covers any budget lines that go over + closing costs (loadout, reconciling the books, etc). So if the costumes and set come in over budget, or if they reorchestrate a bunch of songs in previews, or if previews lose more money than anticipated, that can really chip into the reserve. (The weekly running cost is about $950K, right?)