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== tripscan top ==
 
== tripscan top ==
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For over a century, Broadway has been at the heart of New York City culture, with glittering marquees welcoming millions of tourists and locals every year.
 
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But Broadway musicals are now struggling to make a profit, as affordability concerns impact all aspects of American life. Musical producers can place the blame on rising costs from theater rent, fees, labor and even lumber, which has roughly doubled in price since December 2016. Meanwhile, ticket prices haven’t risen quickly enough to offset these costs.
 
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It’s a blow to New York City, where Broadway’s health is vital to its economy.
 
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“As New York City goes, so goes Broadway in many respects and vice versa,” Jason Laks, president of the Broadway League, the trade association for the theater industry, told CNN.
 
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Related article
 
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A shopper carries plastic bags.
 
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The No. 1 cause of America’s affordability problem just got worse
 
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“We employ 100,000 people per year, and we contribute $15 billion to the New York City economy alone each year,” he added.
 
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Laks said the rising cost of musical productions is leaving the Great White Way in the red. He added that it’s only gotten harder since the pandemic, when Broadway went dark for over a year due to Covid-19 restrictions.
 
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High production costs, flat ticket prices
 
High production costs, flat ticket prices
 
Data from the Broadway League show the industry had its highest-grossing season in a decade this year, with over 14 million people attending shows.
 
Data from the Broadway League show the industry had its highest-grossing season in a decade this year, with over 14 million people attending shows.
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[[https://trips62.cc/ tripscan]]
 
However, none of the 18 musicals that opened last season, made a profit as of late September, according to the New York Times. Laks said the prevailing wisdom for the industry is that only one in 10 shows will make their money back.
 
However, none of the 18 musicals that opened last season, made a profit as of late September, according to the New York Times. Laks said the prevailing wisdom for the industry is that only one in 10 shows will make their money back.
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[[https://trips62.cc/ tripskan]]
 
For example, producing “Boop” — the colorful show centered around Betty Boop in modern New York City — cost around $26 million. The musical ran for about four months this year and, according to the Times, failed to recoup its investment.
 
For example, producing “Boop” — the colorful show centered around Betty Boop in modern New York City — cost around $26 million. The musical ran for about four months this year and, according to the Times, failed to recoup its investment.
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[[https://trips62.cc/ trip scan]]
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“It’s just so difficult for (producers) to get their money back. These shows are now upwards of $25 million. Ten years ago, you could have a musical on Broadway that was probably in the $13 million range,” said Jim Kierstead, a Broadway producer whose over two dozen credits include “Kinky Boots” and “Waitress.”
  
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“It’s just so difficult for (producers) to get their money back. These shows are now upwards of $25 million. Ten years ago, you could have a musical on Broadway that was probably in the $13 million range,” said Jim Kierstead, a Broadway producer whose over two dozen credits include “Kinky Boots” and “Waitress.”
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While producers have seen their budgets grow, ticket prices haven’t kept pace, according to Laks. The average ticket price is currently $126, while the average ticket price for the 2015-2016 Broadway season was about $103, or about $140, when adjusted for inflation.
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But the solution isn’t as simple as raising ticket prices.
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“There’s only so high you can raise them because you’re really pricing people out of the market,” said Kierstead. “It’s just a bad conundrum across the board.”

รุ่นปัจจุบัน เมื่อ 11:23, 27 ธันวาคม 2568

tripscan top

High production costs, flat ticket prices Data from the Broadway League show the industry had its highest-grossing season in a decade this year, with over 14 million people attending shows. [tripscan] However, none of the 18 musicals that opened last season, made a profit as of late September, according to the New York Times. Laks said the prevailing wisdom for the industry is that only one in 10 shows will make their money back. [tripskan] For example, producing “Boop” — the colorful show centered around Betty Boop in modern New York City — cost around $26 million. The musical ran for about four months this year and, according to the Times, failed to recoup its investment. [trip scan] “It’s just so difficult for (producers) to get their money back. These shows are now upwards of $25 million. Ten years ago, you could have a musical on Broadway that was probably in the $13 million range,” said Jim Kierstead, a Broadway producer whose over two dozen credits include “Kinky Boots” and “Waitress.”

While producers have seen their budgets grow, ticket prices haven’t kept pace, according to Laks. The average ticket price is currently $126, while the average ticket price for the 2015-2016 Broadway season was about $103, or about $140, when adjusted for inflation.

But the solution isn’t as simple as raising ticket prices.

“There’s only so high you can raise them because you’re really pricing people out of the market,” said Kierstead. “It’s just a bad conundrum across the board.”

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