Broadway’s blockbuster numbers indicate that the box office has recovered from the pandemic. But as production costs continue to soar, the investment climate for everything besides star-driven plays remains grim.

Ahead of the Tony Awards nominations announcement tomorrow morning, I studied the 2024-25 season, which wraps in four weeks. It’s on track to achieve record revenue, barring a hurricane or Covid outbreak that sidelines George Clooney, Denzel Washington, Sarah Snook and Kieran Culkin.Continue Reading