Broadway Journal

BROADWAY POSTS RECORD SALES, RISING ATTENDANCE

May 28, 2019 by Philip Boroff

Thanks to Hamilton,  The Lion King,  Harry Potter and other blockbusters that draw fans from around the world, Broadway reported a record $1.8 billion in sales — up 7.8 percent — for the season that ended on Sunday.

Attendance was 14.8 million, up 7.1 percent. The gains were particularly impressive given that the previous season had 53 weeks, due to a quirk in the calendar.

Attendance has risen steadily for decades, with the number of theatergoers in 2018-19 double that of 1990-91. Grosses, thanks to rising ticket prices, have increased faster. In 2018-19, box office was twice that of 2005-06. (To be sure, in 2009-10, the Broadway League changed the way it calculates sales and attendance, boosting both figures.)

Recently, ticket price Inflation has been muted. The average seat price rose 80 cents to $123.87 in 2018-19. As sales were slow for new musicals in autumn but buoyant throughout the season for plays — with Network  starring Bryan Cranston, Aaron Sorkin’s To Kill a Mockingbird starring Jeff Daniels and holdover Harry Potter  going strong — it’s possible that the average ticket price for musicals declined. Detailed data isn’t yet available from the League.

Complicating the comparison: the most sought-after ticket in recent seasons wasn’t a play or musical but Bruce Springsteen’s story-filled concert, which played eight months in 2017-18 and six and a half months in 2018-19. It grossed a total of $113 million, with an average ticket of $506, the highest of any show.

Note: This post was updated.

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Filed Under: Grosses, Hamilton Tagged With: Broadway League

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