Hamilton Returns 25 Percent of Investment After Two Months

News   Hamilton Returns 25 Percent of Investment After Two Months
 
At a time when big Broadway musicals sometimes have to run years to turn a profit—Spider-Man ran two-and-a-half years and wound up tens of millions of dollars in the red—the new musical Hamilton reportedly has returned 25 percent of its capitalization just two months into its Broadway run.

According to a report in Deadline Hollywood, Hamilton, which cost $12.5 million to mount on Broadway, returned a quarter of that in profit to its investors this week.

A scene from <i>Hamilton</i>
A scene from Hamilton Photo by Joan Marcus

The magazine compared Hamilton with Broadway's last similar smash, The Book of Mormon, which cost $11.4 million to mount, and returned 100 percent of that after eight months.

The magazine initially incorrectly reported that Hamilton opened Sept. 6; it actually opened Aug. 6, which still means that Hamilton is on track to at least equal BOM's feat.

Hamilton regularly operates at more than 100 percent of the seating capacity of the Richard Rodgers Theatre, meaning that it sells a considerable number of standing room tickets. A lot of its income is derived from premium seats, which are sold considerably over the price of regular orchestra seats.

Deadline reports that the advance sale is "in the $40 million range," but much of that is needed for weekly operating costs.

Tickets for an upcoming Democratic Party fundraiser are going for a "super premium" price of $10,000 apiece, which includes a photo with President Barack Obama.

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