Freakonomics Radio

629. How Is Live Theater Still Alive?

347 snips
Apr 11, 2025
Joe DiPietro, a renowned playwright and lyricist, dives deep into the evolving world of live theater. He discusses the surprising challenges of producing musicals today, including financial hurdles and fierce competition. The conversation touches on his bold new project, 'Three Summers of Lincoln,' and the audacity of bringing Lincoln to the stage. DiPietro also highlights the resilience of theater in adapting to modern times, emphasizing its unique ability to foster human connection through live performance. A must-listen for theater lovers!
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INSIGHT

Theater as Gossip

  • Rocco Landesman believes theater is fundamentally about gossip.
  • Audiences observe character interactions and make judgments, mirroring human behavior.
ANECDOTE

Big River's Origin

  • Rocco Landesman, a Broadway producer, pitched Big River to Roger Miller, who had never seen a Broadway musical.
  • Despite lacking credentials, Landesman's persistence led to a Tony Award-winning hit.
INSIGHT

Broadway Investment Risks

  • Broadway shows are risky investments, similar to horse racing, with low returns.
  • Only 15-20% recoup their costs, yet investors continue driven by passion.
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