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Freakonomics Radio

592. How to Make the Coolest Show on Broadway

Jun 13, 2024
01:05:08
Snipd AI
Guests David Adjmi, Sonia Friedman, and John Johnson discuss the challenges and triumphs of creating hit plays like Stereophonic, the economic struggles of theater, and the essence of live theater experiences. They explore the complexities of character portrayal, financial hardships in the industry, and the journey from Off-Broadway to Broadway success.
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Podcast summary created with Snipd AI

Quick takeaways

  • The financial challenges of theater industry amidst rising Broadway ticket prices and 'Balml's Cost Disease' impact.
  • Character analysis of Peter in 'Stereophonic' showcases complexities for actors and deeper human exploration in theater.

Deep dives

The Economics and Challenges of Live Theater

The podcast delves into the financial challenges faced by the theater industry, discussing the economics of Broadway and the struggles of non-profit theaters. It highlights the steep rise in Broadway ticket prices and the impact of 'Balml's Cost Disease' on industries dependent on labor-intensive processes like live theater, healthcare, and education. Through interviews and insights, it explores the difficulties faced in producing innovative and original theater amidst financial constraints.

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