Broadway Show Ticket Sales Analysis w/e 04/17/2016

Broadway Ebbs And Flows But Averages To A Constant

In the week ending April 17, 2016, the Broadway industry performed on average very similarly to the previous week. Of the 37 shows currently running, the total collective weekly gross was $27,177,089, which is a negligible increase from last week of $282,988. While this past week had an average gross per show of $734,516, the same shows the previous week had an average weekly gross per show of $747,058.

The overall average percentage reached of gross potential for all shows running was 63.38%, as opposed to 61.93% last week, and the average audience capacity was filled up to 81.16%, as opposed to 80.55% last week. Of shows that were running both weeks, the biggest increase was seen by Shuffle Along, and that was only because this past week the musical finally played a full performance week of eight shows, while the previous week had only seven.

Big Decrease For "The Phantom Of The Opera"

Therefore, although this week showed an increase of $105,293 in weekly gross compared to the previous week, the percentage reached of gross potential barely budged from 82.15% in the week ending April 10, 2016, to 82.98% this past week. The next biggest increase was seen by The King and I, which went up by $94,187.

Meanwhile, the biggest decrease was seen by The Phantom of the Opera, which went down by $154,771 to reach a weekly gross of $755,682, or only 49.9% of its gross potential. To some surprise, the next biggest decrease was seen by Hamilton, which went down by $135,035 to reach a still stupendous weekly gross of $1,678,620, or 125.74% of its gross potential.

New Show: Cirque Du Soleil’s “Paramour”

On April 16, 2016, Paramour began previews at the Lyric Theatre. This production is Cirque du Soleil’s first show intended directly for the Broadway market. The show is playing at the Lyric, where other more traditional Broadway musicals (such as On the Town) have struggled to fill the enormity of the stage with enough spectacle to attract enough audience members to fill the gargantuan seating areas.

Although Paramour only played one performance in the week ending April 17, 2016, the box office figures bode well for the show to have an excellent financial outcome. In the one performance documented thus far in the financial data, Paramour brought in $190,774, which represents 99.6% of its gross potential.

High Hopes For Paramour To Perform Well On Broadway

With a top ticket price of $199, the average paid admission was $100.57. Furthermore, the audience was filled up to 100.1% of its capacity. Therefore, although the first preview may not demonstrate ticket sales for the months to come, if it is any indication of such, Paramour may very well be a hit on Broadway.