Broadway Journal

‘CABARET’ INVESTOR SUES ATG AMID EARLY CLOSING

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EXCLUSIVE: An investor in the failed $24 million Broadway revival of Cabaret has sued its lead producers, accusing them of fraud. Separately, the producers announced today that the musical will close Sept. 21, four weeks earlier than planned, after just 17 months of regular performances at the August Wilson Theater.

While grossing more than $88 million since it began previews in April 2024, the company presenting the revival of the dark musical by John Kander, Fred Ebb and Joe Masteroff hasn’t returned any money to investors, resulting in a total loss to-date. Backers were “induced to invest cash into multi-layered structures designed to conceal revenues, divert payments, and facilitate self-dealing among insiders,” Atlanta-based entertainment lawyer James Lorenzo Walker Jr. said in his Sept. 4 complaint in New York Supreme Court.Continue Reading

JUDGE REJECTS PLEA TO HALT ATG-JUJAMCYN COCKTAIL COUP

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A New York judge declined to intervene in a battle for Jujamcyn Theaters’ lucrative concessions business — a win for Ambassador Theatre Group after acquiring control of the Broadway landlord.

Sweet Hospitality Group has handled drink and snack sales for Jujamcyn’s five theaters since 2010. Last month, Sweet Hospitality filed a lawsuit in New York Supreme Court to prevent Jujamcyn under its new regime from terminating the concessions contract. The complaint provides a window into Broadway concessions and the deal that Jujamcyn and the multinational landlord and producer Ambassador Theatre Group (ATG) announced in February “to combine operations.”Continue Reading

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