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One investor takes issue with Broadway’s financial woes | |||
[[https://tripscan101.cc/ | James L. Walker Jr. invested $50,000 in the recent revival of “Cabaret at the Kit Kat Club” on Broadway. The star-studded performance closed early in what producers called a financial loss after being open for about 14 months and 592 regular performances. | ||
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“When you look at a play that’s grossing an upwards of nearly $100 million, it’s hard to explain how we didn’t make our money back,” Walker said. | |||
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In August, the Atlanta-based investor filed a lawsuit against the show’s producers, alleging breach of contract and what the suit calls a “deliberate scheme” to strip him and other investors of their money. | |||
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“Obviously, we want our money back, but yes, a major consideration is how do we change the overall infrastructure?” Walker questioned. | |||
ATG Entertainment, the defendant in the lawsuit, would not comment on active litigation but has denied any wrongdoing and filed a motion this month to dismiss the suit. | |||
Off-Broadway shows are trying something new | |||
While shows on Broadway struggle to find a solution to their financial woes, one off-Broadway show has taken a unique approach to draw crowds. | |||
“Masquerade” — a reimagining of Andrew Lloyd Webber’s classic “The Phantom of the Opera” — has audiences donning masks and sipping Champagne upon entering a transformed six-story art shop in midtown Manhattan. Webber also helped produce the $25 million show. | |||
Adding to the experience is a secret password to enter and artwork from some famous names like music legend Bob Dylan. | |||