Broadway's financial struggles, the perspectives of actors, producers, and investors in the theater industry, the challenges of investing in Broadway shows, and the concept of media spillovers in musical theatre are explored in this entertaining episode featuring guests Stevie Hertz, Leanna Rae Conception, and Megan O'Keefe.
The podcast highlights the economic significance of Broadway, as it contributes billions of dollars to New York's economy and supports numerous jobs.
The podcast explores possible strategies to sustain Broadway, such as resource sharing, scaling up the market through streaming, and government support.
Deep dives
Challenges faced by Broadway
The podcast explores the challenges faced by Broadway, such as the closure of Andrew Lloyd Webber musicals and the impact of the pandemic on shows like Phantom of the Opera.
Economic importance of Broadway
The podcast highlights the economic significance of Broadway, as it contributes billions of dollars to New York's economy and supports numerous jobs.
Costs and risks in Broadway
The podcast discusses the high costs and risks involved in producing Broadway shows, including the escalating capitalization and running costs.
Strategies for Broadway's sustainability
The podcast explores possible strategies to sustain Broadway, such as resource sharing, scaling up the market through streaming, and government support.
We raise the curtain on the business of New York’s iconic theatre district. Broadway has been struggling with rising costs and falling sales since the pandemic, but its financial drama started much earlier. The economic plot just doesn’t make sense. Will the lights go out on the Great White Way?
Hosts: Alice Fulwood, Tom Lee-Devlin and Mike Bird. Guests: The Economist’s Stevie Hertz; actor Leanna Rae Conception; Megan O'Keefe, executive vice-president of production company No Guarantees; Broadway investor, Ken Willman; Oliver Roth, CEO and producer at OHenry Productions, Kate Shindle, president of Actors’ Equity; and Lee Seymour, producer.
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