GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Broadway Show

The most expensive Broadway show typically involves multi-million dollar budgets for production costs and marketing expenses.

In the following post, we will explore a collection of fascinating statistics that shed light on the financial aspects of Broadway shows. From the staggering costs associated with productions like “Spider-Man: Turn Off the Dark” to the record-breaking ticket prices for hits like “Hamilton,” these figures offer a revealing glimpse into the economics of Broadway theater.

Statistic 1

"The most expensive Broadway show to date is "Spider-Man: Turn Off the Dark," which cost approximately $79 million to make."

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Statistic 2

"The production ended up losing around $60 million and is considered one of the biggest financial failures in Broadway history."

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Statistic 3

""The Lion King" is the highest-grossing Broadway show of all time, with over $1.6 billion in gross revenue."

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Statistic 4

"The average price of a Broadway ticket in 2020 was $145.60, marking a considerable increase from previous years."

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Statistic 5

""Hamilton's" average ticket price was $793 in 2019."

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Statistic 6

"A premium ticket for "Hamilton" during the peak holiday season once sold for a record-breaking $998."

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Statistic 7

"The Broadway version of "King Kong" was one of the most expensive shows to produce, costing around $35 million."

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Statistic 8

"The running costs for "Spider-Man: Turn Off the Dark" were approximately $1 million per week."

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Statistic 9

""Wicked," another top-grossing Broadway show, has earned over $1 billion since its debut."

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Statistic 10

"The average cost to produce a Broadway show is estimated to be around $2.5 to $3.5 million for a play and about $10 to $15 million for a musical."

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Statistic 11

"The initial cost to produce "The Phantom of the Opera" was $12 million, but the show has since generated over $6 billion in revenue worldwide."

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Statistic 12

"The top ticket price for "The Book of Mormon" was $477 in 2019."

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Statistic 13

"The Broadway musical "Cats" cost $5.5 million to produce when it initially opened in 1982."

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Statistic 14

""In the Heights," which was Lin-Manuel Miranda's first Broadway hit before "Hamilton," was a relative bargain to produce at a cost of only $10 million."

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Statistic 15

"The original "Les Misérables" cost $4.5 million to produce on Broadway in 1987."

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Statistic 16

"The most successful Broadway shows typically run for more than a decade, with "The Phantom of the Opera" having the longest run to date at over 33 years."

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Statistic 17

""Hello, Dolly!" starring Bette Midler had an average ticket price of $196.66 in 2017."

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Statistic 18

"The Broadway run of "Harry Potter and the Cursed Child" cost $33.5 million, which was cheap compared to its London production which cost $38.5 million."

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Statistic 19

""Shrek The Musical" cost around $25 million to produce, making it one of the most expensive musicals at the time."

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In conclusion, the Broadway industry is a high-risk, high-reward business where production costs can escalate rapidly, resulting in both financial successes and failures. Despite the exorbitant costs of some shows like “Spider-Man: Turn Off the Dark” and “King Kong,” which incurred significant losses, top-grossing productions such as “The Lion King,” “Wicked,” and “The Phantom of the Opera” have proven that the potential for immense revenue exists in this competitive market. Ticket prices have seen a noticeable increase in recent years, with standout figures like “Hamilton” commanding premium prices that defy industry norms. Ultimately, the longevity and profitability of a Broadway show are influenced by numerous factors, including production costs, ticket pricing strategies, and audience reception.

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