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Topic: live entertainment

Broadway theaters near Times Square in Midtown Manhattan
Business
Wednesday, 6/24, 01:40 PM

Broadway's record box office masks a drought of original musicals

  • Broadway just posted its highest-grossing season on record, yet the number of brand-new original musicals reaching its stages is shrinking.
  • With capitalization costs for a new musical now commonly cited around $20 million and recoupment rare, producers are leaning ever harder on revivals, jukebox shows and movie adaptations to manage the risk.

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