Thursday, February 19, 2009

Broadway Ticket Taxes

So in my research going through playbill.com looking for management information I came across multiple articles about the taxes that are now happening and being added onto any Broadway production up to 8%. theatre tickets will now have an additional $10-25 dollars added onto each ticket.
According to the New York Times Rocco Landesman, the president of Jujamcyn Theaters spoke at a budget meeting with other prominent Broadway industry leaders on February 3, 2009. New York Times also stated that "Governor Paterson and legislative leaders are using [ticket tax] to balance a $120 billion-plus budget despite a possible $13 billion-deficit."
In the last month 13 shows alone have closed on Broadway due to the taxes and high ticket prices and economy in general. Monumental shows that seemed to have the potential for a long running experience on Broadway have closed, and quickly. Some of these shows include; "Spamalot", "Hairspray", "Spring Awakening", and "Young Frankenstein."
This tax blows my mind because not only are they losing money on the shows but on all tourists coming into Manhattan. That includes hotels, cabs, car rentals, shopping, AND theatre. So are we not they losing more money in the long run as the state of New York as a whole? In another blog that I had read researching on it after seeing these articles, there was an Actors Equity member who mentioned just taking budget cuts from everyone; actors, producers, make up artists, costume designers, directors, everyone, and therefore being in this "shared sacrifice" together.

Now my question I want to pose to all of you is that do you think that it makes more sense as an economy to cut the salaries of the people involved in the Broadway extravaganza, which to an extent does make sense, cut from the top and keep the taxes on tickets though, losing obvious business. Or do we just not add these taxes onto the tickets at all and keep the prices of Broadway tickets and Broadway outings where they are, if not lower?

The message that seems to be common between all of the Broadway leaders is, " Don't kill the golden goose,"

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