'No Room For The Modest Hit Anymore': Broadway Prepares For Summer Closings
Broadway attendance is up — yet the $35 million production of King Kong is among the five shows cutting bait in the next two weekends, as musical theater undergoes a market correction.
Broadway is coming off a record-breaking season, in terms of attendance and box office receipts. But this weekend and next weekend, five musicals, representing an investment of $95 million, will close.
Broadway attendance was up 14% between 2018 and 2019, generating $1.83 billion in ticket sales. But not everyone has been invited to the party, says Jeremy Gerard, who has covered Broadway as
