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593. You Can Make a Killing, but Not a Living
Freakonomics Radio
High NY Production Costs
- Broadway production in NY is about five times more expensive than in London.
- The main cost drivers are unions (13 involved), real estate, advertising, and increased post-COVID supply chain costs affecting set construction.
- Star actors also command higher fees, contributing to the overall higher production expenses and making creative risks harder to take.
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