Broadway Grosses End of Q3 Results: Could the cold winter be ending?
And by cold winter, I mean the cold economic winter of the last several years . . . not this cold, snowy thing that NYC seems to be stuck in this year.
Yep, the end of Quarter 3 of the Broadway season is upon us, and, well, to quote a Gershwin tune . . . things are looking up!
At the end of Q2 last November, gross was up 1.1% and attendance was up 1.8% over the prior season.
At the end of Q3, our gross is up a whopping 2.3% over the previous year (thank you holiday season and Spider-Man), and attendance stayed put with a solid 1.8% increase.
We still have a lot of shows out there, with 6.7% more playing weeks this year than last, which means that some of the smaller shows with less reach may be struggling since the grosses certainly aren’t up that much . . . but overall we’re headed in the right direction as we usher in our bountiful Spring!
We’ve got a lot of big budget musicals that are about to be born . . . and those musicals should bring dollars and bodies. So expect the gross increase to stay above the 2% mark in Q4 and expect the attendance to break the 2% barrier for the first time in a loooong time.
And can you believe it? We’re entering the final 13 weeks our season. Already! It’ll be Tony Award time before you know it! (Staffers – we better start working on our party!)
But just like the final few months of an election, this is where the fun begins.
Sometimes you make something and people use it for something…
When I was twenty, I was afraid to meet new…
A week ago I got an email from Michael Brennan. …
Ken created one of the first Broadway podcasts, recording over 250 episodes over 7 years. It features interviews with A-listers in the theater about how they “made it”, including 2 Pulitzer Prize Winners, 7 Academy Award Winners and 76 Tony Award winners. Notable guests include Pasek & Paul, Kenny Leon, Lynn Ahrens and more.