GITNUX MARKETDATA REPORT 2024

Broadway Musicals Success Statistics

Broadway musicals have a relatively low success rate, with only a small percentage achieving long-term commercial and critical success.

Last Updated: June 20, 2024

Written & Summarized by: Jannik Lindner

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In this post, we delve into the intriguing statistics surrounding the success and popularity of Broadway musicals. From record-breaking gross revenues to astounding attendance figures, the numbers paint a vivid picture of the immense impact and allure of these iconic performances.

Statistic 1

"The longest-running show on Broadway, "Phantom of the Opera," is also the most lucrative, grossing over $1.12 billion as of 2019."

Statistic 2

"In 2018, 14.77 million people attended Broadway shows."

Statistic 3

"Broadway shows made over $1.8 billion from ticket sales during the 2018-2019 season."

Statistic 4

"The median ticket price for Broadway shows in 2018-19 was $123.00."

Statistic 5

""The Lion King" became the first Broadway show to gross over $1 billion in 2013."

Statistic 6

"Broadway performances in 2019 drew in 15 million spectators."

Statistic 7

"New York City's Broadway theatres sold approximately 14.62 million tickets in 2018."

Statistic 8

"Broadway musicals generated a global box office revenue of over $2 billion in the 2018/2019 season."

Statistic 9

"The average running cost for a Broadway show is about $850,000 per week."

Statistic 10

"The typical Broadway theatregoer in 2019 was 42.3 years old."

Statistic 11

"A Broadway theatre must have at least 500 seats to qualify as a Broadway theatre."

Statistic 12

"The average cost of producing a Broadway musical in 2020 was around $10 million to $20 million."

Statistic 13

""Hamilton" Broadway grossed about $650 million by 2020."

Statistic 14

"Over 46% of Broadway theatre-goers in the 2018-2019 season attended a play, meaning musicals made up the majority of show attendance."

Statistic 15

"88 Broadway shows premiered during the 2018-2019 season."

Statistic 16

"The total Broadway attendance for the 2018-2019 season was 14.77 million, which surpassed that of the ten professional New York and New Jersey sports teams combined."

Statistic 17

""The Lion King" Broadway show's worldwide gross exceeds that of any film, Broadway show or other entertainment title in box office history, grossing over $8.1 billion worldwide as of 2019."

The statistics reveal a clear picture of the immense success and economic impact of Broadway musicals. With record-breaking gross revenues from top productions like “Phantom of the Opera” and “The Lion King,” coupled with high attendance numbers and global box office revenues exceeding $2 billion, it is evident that Broadway continues to captivate audiences worldwide. Despite the significant costs involved in producing and running these shows, the industry remains a powerhouse in the entertainment sector, attracting millions of theatregoers each year and cementing its status as a cultural phenomenon.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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