Last week, Broadway earnings dropped slightly from their peak at Christmas, yet they remained significantly higher than an average week and were over 50% greater than the same timeframe in the previous season.
The earnings surged due to the holiday season and the final performances of various shows like “Suffs”, which concluded on January 5 with a record-breaking gross of $1.3 million, marking its best performance yet. The musical, which took home the 2024 Tony Awards for both ‘Best Book’ and ‘Best Score’, had Hillary Clinton as one of its co-producers. It debuted at the Music Box Theatre on April 18, 2024.
The popular musical productions of “Back to the Future” and “Elf” concluded their runs recently. “Back to the Future” wrapped up at the Winter Garden Theatre on January 5th, following an 18-month stint, earning a gross of $1.9 million and catering to an audience that filled more than 100% of its capacity. On the other hand, “Elf” ended performances at the Marquis Theatre a day earlier, on January 4th, generating $1.2 million during a shortened seven-performance week. The attendance dropped slightly to 81% capacity after the holiday season.
Last week, Wicked continued to reign as the highest-grossing Broadway show, earning a record-breaking $3.3 million, just slightly below its all-time high of $5 million in nine shows the previous week. The Lion King ranked second with a gross of $2.8 million, following a strong performance of $4.2 million over nine performances the week before. Hamilton came in third with $2.4 million across eight performances, marking a decrease of over half a million dollars compared to the previous week.
In summary, the industry earned over $45 million during the previous week, slightly less than the nearly $56 million made in the week before. Additionally, earnings were affected by five productions only having seven performances, instead of the usual eight or the additional nine performances that certain shows had during the Christmas week, which included New Year’s Day.
Despite this current season being only halfway through, the movie industry has already raked in $45 million, which is the third highest total for the season thus far. This figure trails only behind the revenue generated during Christmas week, the most profitable week of the year, and the week surrounding Thanksgiving. To put things into perspective, the industry’s earnings this season have increased by a substantial 17% compared to the same period last season.
January and February are often lean months for the entertainment industry, leading to discounted ticket offers like Broadway Week. Despite this, there are two exciting upcoming premieres. The Pulitzer Prize-winning play started its previews at Roundabout’s Todd Haimes Theatre on January 3, with the opening night scheduled for January 23. Meanwhile, the new musical “Redwood,” featuring Idina Menzel, is set to begin previews at the Nederlander Theatre on January 24 and will officially open on February 13.
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2025-01-07 21:54