Beauty and the Beast has decided to hold off on its bid to become the latest Broadway show to receive concessions from the theatrical unions. Disney had requested the same 25 percent salary cuts won by several shows, including Les Miserable, Phantom of the Opera, Rent, The Music Man, Kiss Me, Kate, The Full Monty and Chicago.
A statement from Disney officials read, "At the request of IATSE and its member unions, we have agreed to delay for one week any decision regarding the future of Beauty and the Beast in New York to allow us additional time to assess the current state of the box office and provide additional time to continue our discussions with the unions."
The labor cuts had been rewarded to the producers of various struggling shows as a way of combatting the decreased audiences brought on by the Sept. 11 terrorist attacks on Manhattan. Following the attacks, theatregoers and tourists deserted Times Square, leading to the closure of several shows and pushing others to the edge of the abyss.
According to the New York Post, Disney had threatened to close Beast if IATSE didn't not award concessions. Recently, a warning that The Music Man would shutter without pay cuts won the musical a last minute reprieve.
Beauty and the Beast took in $436,954 at the box office for the week ending Sept. 30, a jump of more than $188,000. Attendance was up from 5,211 to 8,624. Disney's The Lion King played at 101.06 percent capacity, while attendance at Aida stood at 77.78 percent.