593. You Can Make a Killing, but Not a Living
Freakonomics Radio
Navigating the Financial Landscape of Theater
This chapter delves into the complexities of theater production, focusing on the vital business aspects that impact creative decisions. It discusses budgeting, ticket pricing strategies, and the financial challenges faced by producers, particularly in major cities like New York and London post-pandemic. The conversation highlights the role of unions, advertising costs, and the difficulties in recouping investments in theatrical productions.
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