Freakonomics Radio
593. You Can Make a Killing, but Not a Living
Jun 20, 2024
Sonia Friedman, a celebrated theatrical producer known for her acclaimed productions, joins John Johnson, co-founder of Wagner Johnson Productions, and Tom Pecinka, an actor in the hit musical 'Stereophonic.' They explore the highs and lows of Broadway's winner-take-most economy, revealing the hidden struggles even among successful stars. The trio discusses the emotional impact of abrupt fame, the intricate financial landscape behind productions, and the challenges of the theater industry in a post-pandemic world, particularly in adapting to shifting audience dynamics.
49:39
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Quick takeaways
- Successful Broadway shows like 'Stereophonic' can create big winners but require actors to seek additional income opportunities.
- Financial challenges in Broadway productions highlight the need for creativity and resilience to achieve long-term success.
Deep dives
The Success of 'Stereophonic' at the Tony Awards
The play 'Stereophonic' surprised everyone by winning five Tony Awards even though it featured lesser-known actors and playwright David Adjmee's first show on Broadway. The unexpected success highlighted the challenges and intensity of creating and producing intense and engaging theater. Despite being a departure from traditional commercial plays, 'Stereophonic' proved that impactful and thought-provoking theater can captivate audiences and earn critical acclaim.
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