What with NEWSIES stating it has Recouped it's investment in only nine months...I was wondering what other productions have had a quick Recoup time? Pardon if this has been discussed previously.
Wicked's recoupment was fast considering it was a large scale show, Avenue Q and Hairspray recouped in 10 months and Jersey Boys recouped in 7 months. How long did The Producers take to recoup?
Newsies' recoupment wasn't a surprise but I do wonder whether it did cost more than the reported $5m to stage, maybe nearer $8-9m which is average for a Broadway musical but small compared to Disney's other shows.
In 1975, the producers of SAME TIME, NEXT YEAR announced the show had recouped its investment on opening night and distributed checks to their investors at the party.
Jonwo I have to agree either their running costs are a lot higher than we all expect or their investment is much larger than they are reporting. On the other hand though all of their promotional performances (Dancing with the Stars, The XMas Day Parade in WDW) those could add some major money to the investment costs. Also having a new advertising skeme with Cott after the whole Coffman photoshop logo can add some money as well.
I was surprised Glengarry recouped quickly considering it was only doing 7 shows a week until two weeks ago whereas Death of a Salesman took slightly longer to recoup and was only did 7 shows a week as well. Both shows cost $3m to stage so I imagine running costs aren't that high apart from the salaries of the leads.
I imagine Disney probably invested more money when it transferred to Broadway but probably not a huge amount and also I would imagine when it went from a limited run to a open ended run, there would have been increases in running costs as well.
It's interesting that Newsies has yet to announce a national tour now it's recouped but I imagine it'll be announced in either January or February.
I think SAME TIME, NEXT YEAR sold the film rights before the opening and was able to recoup before opening night.
There was a play in 1980s (name escapes me) that sold the film rights before the opening and gave the investors checks for 70% of their investment on opening night.
Same Time, Next year officially took 3 weeks. Tribute, the same producer's (Morton Gottlieb) next play, paid off opening night. It had a huge star (Jack Lemmon) and had made money during the out of town tryout. In both cases, and probably a few more, they were overcapitalized and had reserve funds that were never needed. Those were the first part of the recoupment.
The original Boys in the Band paid off in 10 days. It too had a large reserve and a shortened rehearsal period since they had all done a workshop of the play earlier.
David Merrick had a history of keeping shows out of town to try to make back some money before New York. Stop the World and Roar of the Greasepaint were both financial hits before they opened; I think Oliver made a large portion back on a lengthy West Coast tryout, and even Pickwick which was a 2 month flop, made about 50% of its investment back.
There was a play in 1980s (name escapes me) that sold the film rights before the opening and gave the investors checks for 70% of their investment on opening night.
joined:7/20/07
Posted: 12/20/12 at 04:45pm