Variety Reports on "New Economy's Effect" on Broadway

Variety's Gordon Cox has written a special Friday story about how the current United States economy is affecting upcoming Broadway productions as they begin to pay (even closer) attention to their weekly running costs and production financies.

Cox reports that "But with labor arrangements locked for now by contract agreements and defended by stalwart unions, it's the productions themselves that will be easiest to trim. So megabudget tuners with high running costs such as "Young Frankenstein," "Billy Elliot" and "Shrek The Musical" are bound to become a rarer breed as producers grow more cautious."

He talks to producers including Kevin McCollum, Hal Luftig (who notes that Legally Blonde cost $650,000 a week to run, while it was bringing in $550,000 a week) and more.

Click here to view the story.

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