EXCLUSIVE: Investors in Scott Rudin’s celebrated revival of Hello, Dolly! have earned a profit of 5 percent, according to two people familiar with the production.
In a flop-filled business, recouping is considered the benchmark for success, and investors months ago earned back their money. The musical was the talk of the 2016-17 season, won four Tony Awards, and last week was the third-bestselling musical, behind Hamilton and The Lion King. For angels seeking prestige, glamour and the satisfaction of helping to create a revival worthy of the iconic, 1964 original, Dolly delivered and made them money.
Others, however, expected more from a production that’s grossed $126 million.Continue Reading