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Money Talks: There’s no business like it
Money Talks from The Economist
Preserving Broadway Economics
The economic challenges facing Broadway are immense, requiring the industry to navigate through a period where funds are being depleted to sustain operations. To maintain the illusion of a thriving Broadway until reality catches up, strategies such as streaming, co-productions, and resource sharing are essential. With thin profit margins and unpredictable success, focusing on managing costs, seat availability, and ticket pricing becomes crucial in the absence of alternatives like virtual reality experiences matching theater revenue.
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