How Does Broadway Show Affect The Economy

1645 Words4 Pages

Broadway and the Economy
New York City is known for their abundance of theatre, culture, and the exciting world of Wall Street. When thinking of the economics of New York, many think of the stock exchange and don't think of the theatre. But in reality Broadway theatre is running New York, while creating jobs, creating money, and its constant production of new shows, it is changing economics around the world. When moving to New York City and trying to find a job, it can be very difficult and quite nerve racking but it is getting increasingly easier because so many jobs are being created. There are so many different aspects of a production that take so many people doing different jobs. From writing the show to producing to opening night, many shows are worked on by close to one thousand people on average before the official opening night. To see the production of “Wicked” at The Gershwin Theatre, it takes 211 people to run each performance; there are eight performances a week! (Contray, “How Many People …show more content…

You can have an amazing script and an amazing music score but nothing will come of it unless you have the money. In many situations, a great show never gets to see the light of day for one of many reasons. It could be a lack of funding or no backing behind it, but in all situations, it comes down to the producers. An average Broadway show has around thirteen producers who go out and find investors. They do this by holding events and galas to raise awareness of the show. Shows will smaller budgets like “Book of Mormon” can be funded in months but shows like “Spider-Man: Turn Off the Dark” which had a whopping budget of 79 million dollars, can take years to fund. In most cases, shows with huge budgets won't be able to pay back their investors, but that is the game of investing in a risky business. ("Making a Broadway Musical: Part III."John Kenrick;"How Much Does It Cost to Put on a Broadway Show?" Broadway

More about How Does Broadway Show Affect The Economy

Open Document