12 shows announce closing dates post-Tonys

Looking west on 45th Street, the heart of the theater district in Manhattan.
Looking west on 45th Street, the heart of the theater district in Manhattan.

Just goes to show you. Winning a Tony Award doesn’t mean it will save your show. But that’s Broadway … You can make killing (“Hamilton”), but you can’t make a living (most everything else).

Broadway veterans guess that 20 percent to 25 percent of shows eventually recoup, according to Bloomberg News, but that means 80 to 75 percent lose money. Not such great odds so it’s no surprise that theater lovers make up the vast majority if investors.

First to fall, ironically, is “The Father” on Sunday, “Father’s Day, as well as “Eclipsed.”  For a complete list, click here.

To learn more about what it takes to be a producer,  check out Ken Davenport’s blog item “10 FAQ about Broadway Investing” on The Producer’s Perspective by clicking here...if you dare.

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