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Official: Shubert Organization Acquires Off-Broadway's New World Stages
By: Nicole Rosky Nov. 18, 2014
The Shubert Organization has completed an agreement to acquire New World Stages, a complex of five off-Broadway playhouses located at 340 West 50th Street. All currently running productions at New World Stages, Avenue Q, Gazillion Bubble Show, Blank! The Musical, and iLuminate will continue under the agreement. The five theatres at New World Stages range in size from 199 to 499 seats.
Stage Entertainment currently owns the five-theatre venue. The European company brought musicals such as Rocky (which will close in August) to Broadway, and has likely suffered significant financial loss from the show's short run.
New World Stages is the state-of-the-art theatrical complex just off of Times Square which has served as the home of Tony Award winning, Guinness Record setting, and Pulitzer Prize earning shows. The five stages are centered on a large common lobby and Gallery New World Stages, serviced by two bars, a coat check, bathroom facilities on each level and the Time Out New York Lounge. New World Stages is fully handicapped accessible. It is owned and operated by the internationally acclaimed entertainment group, Stage Entertainment.
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