Broadway investors are set to lose $100 million as a dozen shows close. What happened?
And four non-profit shows are wrapping as well, dampening industry tallies until their successors move in:That's 16 shows gone between the Tony Awards and Labor Day. How did it happen? And what does the recovery look like?The Lion King
It's a seller's market, as the trio of landlords often have multiple shows vying for each of their plots at any given time. And even if you snag one, with the crunch, there's no guarantee it will be the right size for your product; many a chamber piece has withered in a cavernous 1,400-seat house.
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