Eric Schneiderman

‘HAMILTON’ PROFITS SHOT PAST $160 MILLION LAST YEAR

April 25, 2018 by Philip Boroff

PART ONE OF A SERIES: Nearly three years after storming Broadway, Hamilton remains unrivaled in its moneymaking.

The original production, which began previews at the Richard Rodgers Theatre in July 2015, distributed more than $102 million of profit through November 2017, according to documents filed with New York State. A Chicago engagement and tour that started in San Francisco paid out another $62 million through July 2017.

“Even after adjusting for inflation, it’s hard to imagine a show churning out profits the way this one is,” said Jeffrey Eric Jenkins, a producer and theater professor at the University of Illinois at Urbana-Champaign.

We estimate that profits to-date for the Hamilton empire, which now has outposts in London and a second tour in Salt Lake City, exceed $250 million. Lead producer Jeffrey Seller declined to comment for this series through a spokesman, Sam Rudy.Continue Reading

RUDIN SEEKS TO SILENCE ANGELS

November 3, 2016 by Philip Boroff

NEW YORK, NY - MAY 17: Scott Rudin during the 2016 New York Drama Critics' Circle Awards at 54 Below on May 17, 2016 in New York City. (Photo by Walter McBride/Getty Images) — Scott Rudin at the 2016 Drama Critics’ Circle Awards. Walter McBride/Getty

EXCLUSIVE: While expanding Broadway’s boundaries, Scott Rudin is reining in his investors.

The daring and powerful producer is requiring backers to sign away their right to criticize him and the plays and musicals that they’re capitalizing. The unusual provision appears in recent prospectuses obtained by Broadway Journal. It prohibits investors from making “negative remarks orally or in writing in any medium,” including social media, about him, his show or his business practices.

‘HAMILTON’ RECOUPS, SETS $549 TICKET RECORD, EXCLUDES GROUP SALES AS SECONDARY MARKET EXPLODES

March 18, 2016 by Philip Boroff

Outside 'Hamilton" during a September lottery — The ‘Hamilton’ lottery last Fall. Photo: Broadway Journal

EXCLUSIVE: Hamilton, the Broadway blockbuster endorsed by the president and first lady, has repaid its investors.

Two people with direct knowledge of the musical’s finances confirmed that it recouped its $12.5 million capitalization. Normally, producers announce when a show breaks even, but Hamilton, “the hardest ticket to get on the planet,” as Michelle Obama put it, has little to prove. Since recouping it’s already begun distributing profits, according to one production source. Reached by phone Friday morning, Sam Rudy, a spokesman for the show said: “I’m not aware that we’ve recouped,” adding that he would check with the producers.