Broadway Journal

WILL A NEW ‘SWEENEY TODD’ MAKE ITS INVESTORS A KILLING? (EXCLUSIVE)

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Hamilton producer Jeffrey Seller is raising as much as $14.5 million to revive Sweeney Todd on Broadway this spring, a test of whether a big-budget Stephen Sondheim revival can succeed in the post-Sondheim era.

Josh Groban (The Great Comet) will play the vengeful barber and Annaleigh Ashford (Sunday in the Park with George) will play the creative pie maker Mrs. Lovett, according to an operating agreement distributed to investors and reviewed by Broadway Journal. The musical, with a book by Hugh Wheeler, will be staged by Hamilton director Thomas Kail with a full orchestra playing the score, a person familiar with the revival said. (Two prior Broadway revivals, while critically acclaimed, were comparatively small-scale productions.)Continue Reading

OSKAR EUSTIS IS NONPROFIT THEATER’S PANDEMIC PAY CHAMP (EXCLUSIVE)

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In 2020, a year in which theaters were dark for nine and a half months, Public Theater Artistic Director Oskar Eustis earned $1.15 million in pay and benefits, more than any other nonprofit theater leader in New York.

Eustis’ 10 percent jump in overall compensation — disclosed in the Public’s 2020-21 tax return filed with the New York Attorney General — runs counter to the company’s messaging about pandemic pay. In an April 2020 New York Times story about the cancellation of Shakespeare in the Park and planned staff furloughs, Michael Paulson reported that much of the remaining staff “will take up to a 25 percent pay cut. Eustis will take a 40 percent pay cut.”

The tax return, which details compensation for calendar year 2020, tells a different story. Eustis, one of the highest-profile figures in nonprofit theater since assuming leadership of the storied organization in 2005, was paid $901,000, up from $807,000 in 2019. Benefits and deferred pay were valued at an additional $255,000.Continue Reading

‘WEST SIDE STORY,’ ‘HANGMEN’ GET SBA FUNDS TO RESUME PERFORMANCES; ‘HAMILTON’ SECURES $50 MILLION

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Ivo van Hove’s video-heavy revival of West Side Story,  which was originally produced by Scott Rudin and opened a month before Broadway was shuttered, has scored a $10 million Small Business Administration grant to reopen.

A person familiar with the production said it will imminently announce when it will resume, along with who will oversee it. Following multiple reports alleging that Rudin abused his staff, the producer has said that he’s stepping back from the entertainment business. There’d been industry speculation that the musical, which was capitalized at $16 million and received mixed reviews, would not return.  Continue Reading

‘WAITRESS’ SCORES $10 MILLION TIP FROM FEDS

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Broadway is usually a risky business — but the remount of Waitress  looks like an excellent bet.

Pop star Sara Bareilles, who wrote the musical’s acclaimed score, will return to the lead role for the first six weeks of the four-month engagement, scheduled to begin Sept. 2 at the Barrymore Theatre. And the U.S. Small Business Administration has awarded the production $10 million as part of its disaster relief program for the live entertainment industry.Continue Reading

‘HAMILTON’-ENDOWED PUBLIC THEATER DELAYS FURLOUGHS WITH $4 MILLION OF U.S. AID

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EXCLUSIVE: The Public Theater, which has earned tens of millions of dollars launching Hamilton, received federal assistance meant to preserve jobs threatened by the pandemic.

The Public borrowed roughly $4 million through the Paycheck Protection Program, according to Shareeza Bhola,  a spokeswoman for the nonprofit. The loans, which are overseen by the Treasury Department and Small Business Administration, may be forgiven when borrowers spend at least 75 percent of the money on payroll over eight weeks.Continue Reading

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