Broadway Journal

‘OEDIPUS’ & MUPPETS GET TAX CREDIT REPRIEVE

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EXCLUSIVE: New York State extended a prized theater tax credit for another six weeks, benefiting the incoming Broadway shows Rob Lake Magic with Special Guests The Muppets, Oedipus and the new musical Two Strangers (Carry a Cake Across New York).

Empire State Development, which supports economic growth in the state, will now accept applications for the New York City Musical and Theatrical Production Tax Credit for shows having their first paid performance by Dec. 1, according to an email from the Broadway League to its members. This is the second recent extension: Oct. 20 and Sept. 15 were previous deadlines for the first public performance. Continue Reading

BROADWAY TAX CREDIT POOL IS DEPLETED

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EXCLUSIVE: A key subsidy for commercial plays and musicals is out of money.

The Broadway League held a video meeting with members on Tuesday afternoon to disclose the depletion of the four-year-old New York City Musical and Theatrical Production Tax Credit program. Shows that begin public performances by Sept. 15  may still receive the subsidy — of up to $3 million for Broadway productions. Shows that start later won’t be eligible.Continue Reading

JEFF T. DANIEL FAVORED FOR SHUBERT CROWN

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EXCLUSIVE: The highest-stakes succession race on Broadway appears to be over. Jeff T. Daniel is being positioned to take the reins at the Shubert Organization, Broadway’s largest landlord, people familiar with the company said.

Daniel joined Shubert in the newly created position of chief strategy officer in September 2023, recruited from the touring giant Broadway Across America. He’s also chairman of the government relations committee of the Broadway League trade association. He’s in line to succeed Robert E. Wankel, Shubert’s 78-year-old chairman and chief executive, who’s been at the company for 50 years.Continue Reading

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