Hamilton – Page 2

THE GRANT WHERE IT HAPPENS: THE N.E.A. SEEDS BROADWAY

January 26, 2017 by Philip Boroff

The Band's Visit at the Atlantic/Ahron Foster — The Band’s Visit/Ahron Foster

CORRECTION: This story originally referred to a pro-N.E.A. tweet by Rex Tillerson, U.S. Secretary of State designate at the time. A Trump transition official later said the Twitter account was fake.

Hamilton, Next to Normal, War Horse and South Pacific have something in common besides acclaim and awards. They share a patron in the federal government.

The National Endowment for the Arts, which may face an existential threat from the new administration in Washington, has subsidized the development of many of the most praised shows on Broadway and off-Broadway. (See below for a list of nonprofits that have received notable NEA grants.)

‘HAMILTON’ SETS ANOTHER RECORD WITH $998 TICKETS

October 6, 2016 by Philip Boroff

EXCLUSIVE: The producers of Hamilton are selling a new block of $998 tickets for the Thanksgiving and Christmas holidays that handily sets a Broadway price record.

The $998 seats are up 18 percent over the $849 tickets Hamilton introduced in early June — the previous record holder. When including Ticketmaster’s $18 service fee, the new ticket, at $1,016, is the first on Broadway to run four figures.

‘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.

STING’S ‘LAST SHIP’ PREVIEW BUOYS PUBLIC THEATER COFFERS

March 18, 2016 by Philip Boroff

EXCLUSIVE: The Last Ship, a failure on Broadway, was a hit for the Public Theater .

In the fall of 2013, a year before the musical’s brief run at the Neil Simon Theatre, Sting played ten concerts of its songs at the downtown nonprofit, coinciding with the release of his album The Last Ship. According to the Public’s latest tax return, its benefit income after subtracting for direct expenses surged 60 percent to $3.2 million. That suggests a roughly million dollar gain in 2013-14 from the Sting engagement. (As in previous years, the Public also held a gala in Central Park.)

The Public paid $900,000 to Sting’s Steerpike Productions, according to the return. A theater spokeswoman said the star performed for free and the money covered rehearsal, performances, travel and lodging for his 14-piece band, including musical director Rob Mathes.

The concerts helped the Public increase net assets by 14 percent to $41.5 million — a preview of improving fortunes. The theater helped develop the play Eclipsed and the musicals Fun Home and Hamilton, all now on Broadway. Hamilton alone will likely yield many millions for the institution.

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