How much does touring Broadway impact the economy.

Another interesting annual report from the Broadway League was released yesterday, and it has nothing with Broadway in NYC.

This report details the economic impact that Broadway had on the nation in 2008-2009 by exporting its productions from Times Square to Tennessee, Florida, California, and just about everywhere in between.  Yep, Broadway truly is the longest street in the US.  We’re all a lot closer than we think.

To quote the study, “the goal of this analysis is to quantify the impact of Touring Broadway to the metropolitan areas surrounding the cities that presented shows, and the economic contribution of the Touring Broadway industry overall.”

Here are the stats from the Executive Summary:

  • In the 2008-2009 season, there were approximately 40 Broadway touring shows traveling across the country playing in 192 venues.
  • Producers and presenters spent $807.2 million to produce and run these tours in the places that presented them or in New York City.
  • Moreover, theatregoers who came to an area specifically to attend shows spent another $687.2 million on ancillary activities such as dining and transportation.
  • Thus the total direct spending due to Touring Broadway amounted to $1.49 billion.
  • This money then generated another $1.86 billion in secondary rounds of spending so that the full economic contribution of Touring Broadway totaled $3.35 billion.
  • Eight-seven percent of this money ($2.9 billion) supported the communities that presented Broadway tours.  Another $425.8 million impacted New York City.
  • On average, Broadway tours visiting cities contributed an economic impact of 3.5 times the gross ticket sales to the local metropolitan area’s economy.

To get a copy of the complete report, visit the Broadway League.

– – – – –

Come to the Social in Chicago – This Saturday Night!  RSVP here.  It’s free!

Upcoming Get Your Show Off The Ground Seminars

LA – Saturday, January 29th.  Register today.  ONLY 3 SPOTS LEFT.

NYC – Saturday, March 19th.  Save $55 if you register by 1/31.  Register today.

For more info on the seminars, click here.

 

Keep your show organized with the Theatermaker's fool-proof management system

Improve your success rate for getting produced with daily strategy tips.

Send me the system

Related Posts

Podcasting

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.

LEARN MORE