Broadway & the Economy

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Take a look at how Broadway impacts the economy, how inflation affects Broadway, and the current Broadway-Hollywood relationship.
(Every slide features a production shot of a Broadway musical, and, for fun, you can play "Guess that show!" whilst watching!)

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Broadway & the Economy

  1. 1. The ShowMust Go On A look at Broadway & the Economy
  2. 2. 1st • How Broadway Impacts the Economy2nd • How Inflation Affects Broadway3rd • Broadway and Hollywood Relationship
  3. 3. 1st • How Broadway Impacts the Economy2nd • How Inflation Affects Broadway3rd • Broadway and Hollywood Relationship
  4. 4. $9.8 billion to the New York City economy during the 2008-2009 season (The Broadway League 2010)
  5. 5. Additional Purchases by Broadway Tourists NY Area $82.50 $200 million Domestic Tourist $603 $1.52 billionInternational Tourist $1,107 $231 million (Jacobs 2002)
  6. 6. $477.7 million in taxes 84,400 jobs (The Broadway League 2010)
  7. 7. “The extent of economicimpact of Broadway tours to a local metropolitan area [is] three times the dollar amount of the gross ticket sales" From the 2006 Report for the League of American Theatres and Producers Inc (Razor 2010)
  8. 8. 2003 Musicians Strike (Scott 2003)
  9. 9. "[Broadway is] part of the economy thatdraws people to New York...Tourism has a multiplier effect that lots of economic activity doesnt, because its moneythat wouldnt be here other-wise" -Ronnie Lowenstein Director of the Independent Budget Office (Scott 2003)
  10. 10. 1st • How Broadway Impacts the Economy2nd • How Inflation Affects Broadway3rd • Broadway and Hollywood Relationship
  11. 11. Tickets to Broadway shows have increased 133% in the past 20 years Stat: (“Thats Expensive Entertainment” 2005) Story: (Glenn Haas 2009)
  12. 12. Shrek the Musical $25 million in 2008 Spider-Man, Turn Off the Dark $65 million dollars(Kennedy 2010)
  13. 13. Show Year Opened Approx Cost in Mil (2010 dollars) Oklahoma 1943 1 Rent 1994 5.2 Wicked 2003 16.6 Shrek 2008 25.4 Spiderman: 2011* ~65Turn off the Dark (in previews) (Kennedy 2010)
  14. 14. 1st •How Broadway Impacts the Economy2nd •How Inflation Affects Broadway3rd •Broadway and Hollywood Relationship
  15. 15. view "film adaptations of their properties as helpers, not hindrances, whentheir productions begin to display signs of box office wear and tear" (Burston 2009)
  16. 16. -Judy CraymerMamma Mia producer (Burston 2009)
  17. 17. “As with film, the answers are in the foreign and theancillary streams of video,merchandising and soundtracks” (Cox and Evans 1998)
  18. 18. (Burston 2009)
  19. 19. FinAll production shots courtesy of Broadwayworld.com

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