Broadway Poised for Record-Setting Box Office Season: Weekly Grosses Update

Broadway is poised for an impressive box office season, showing strong performance despite a recent dip in grosses. Last week, the total revenue for 31 running shows fell to $34 million, a significant drop from the previous week’s $52 million. This decrease of over 34% is typical following the high-grossing holidays of New Year’s and Christmas.

Expectations vs. Reality

Holiday weeks usually bring premium ticket prices, which can inflate grosses. During the holiday week, the average ticket price reached $166. However, last week’s average ticket price dropped to $126. Despite the decline, this average still reflects a robust market.

Seasonal Challenges

Broadway typically sees a reduction in shows after the holiday period. Last week, there were two fewer productions than the week before and 20 fewer performances available. This seasonal shift naturally impacts overall grosses.

• Performance Highlights:
  • Broadway maintains a steady number of productions compared to previous years.
  • Shows like The Queen of Versailles closed prior to the holidays.

Positive Trends in Broadway’s Grosses

Despite the recent downturn, Broadway’s overall performance this season remains impressive. Comparisons with last year’s statistics show a gain of approximately 8.5%. This trend raises confidence for the upcoming spring season.

Top Grossing Productions

The latest figures highlight Broadway’s beloved productions leading the charge:

• Harry Potter and the Cursed Child – $2.65 million
• Hamilton – $2.18 million
• Wicked – $2.07 million
• Mamma Mia! – $1.78 million
• The Lion King – $1.71 million

Clubs of Achievement

As Broadway heads into the new year, the forecast remains optimistic. The season continues to outperform last year’s totals, marking a potential record-setting box office season ahead.

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