Broadway Show Ticket Sales Analysis w/e 12/30/2012

Wicked Broadway MusicalBROADWAY TICKET SALES TOP 37 MILLION
It was a very merry Christmas on Broadway, as ticket sales on the Great White Way went through the roof during Christmas week.  Coming in at a total of $37,441,497, Christmas week actually exceeded the (already quite impressive) Thanksgiving week sales by more than $10 million.  The combination of tourist dollars, families in search of something to do with their relatives in town, special matinee performances geared towards the holiday crowd, and the willingness of many people to pay premium ticket prices as a Christmas treat all meant big bucks at the box office for Broadway.

FIVE BROADWAY SHOWS EXCEED TWO MILLION
A total of five Broadway musicals managed to make it over the two million mark, which is no easy feat.  Annie, Spider-Man: Turn Off the Dark, The Book of Mormon, The Lion King, and Wicked were the chosen few to rake in that much cash, with Wicked coming extremely close to hitting a whopping $3 million ($2,947,172).  Though Wicked grabbed the week’s top spot in total revenue, The Book of Mormon had the highest average paid admission, which was an incredible $219.24 per ticket.

SPIDER-MAN RISES TO THE SECOND HIGHEST GROSSING SHOW FOR THE FIRST TIME 
Spider-man Turn Off the Dark did extremely well this past week almost doubling their gross ticket sales (in dollars) from last week’s $1,471,237 to $2,716,990. The extreme increase in ticket sales could be due to the Holidays.  Kids (who seem to be the target market) are out of school for the Holiday break.  As a result, the broadway show increased the total attendance from 12,386 to 16,946.  Another factor that resulted in this large increase in gross ticket sales would be the increase in ticket price. The Holidays allow shows to sell Broadway tickets at a higher price because there are more buyers than tickets allowing a show to continue to raise their ticket price until the market cannot tolerate the price point.
On Broadway, tickets further from the stage are traditionally lower in price the further back you go. Spider-Man’s ticket pricing, however, at the Foxwoods theatre in New York City bucks this trend with seats in random locations around the theatre, priced considerably higher than their adjacent seats because Spiderman will land in the area close to them. For example, half the seats in the flying circle (the quaint British name for the mezzanine) are being priced at $300 face value, compared to an adjacent seat at $159 at the same show. Also some random seats in the Orchestra are priced at $349, with adjacent seats being $299. Patrons of the show who sit in these seats are provided with an incomparable and unique experience that they cannot find with any other Broadway show.

BRING IT ON AND A CHRISTMAS STORY CONCLUDE WITH GOOD SALES
The two Broadway shows that finished their runs at the end of this past week, Bring It On: The Musical and A Christmas Story, both enjoyed great ticket sales their final week.  Both shows filled their theaters to more than 97% capacity, with A Christmas Story getting an excellent $131.67 average paid admission (helped no doubt by its being a holiday-themed family show) and Bring It On earning a solid average of $96.39 per admission.

The following are the Broadway ticket sales numbers from the week ending December 30, 2012:

Broadway Show Ticket Sales Analysis

 

Show Name GrossGross TotalAttn %Cap AvgPaidAdm
A CHRISTMAS STORY $1,558,922 11,840 97.69% $131.67
ANNIE $2,054,848 14,862 96.68% $138.26
BRING IT ON THE MUSICAL $1,002,121 10,396 97.41% $96.39
CAT ON A HOT TIN ROOF $966,948 9,040 81.65% $106.96
CHAPLIN $558,368 6,885 82.36% $81.10
CHICAGO $1,174,672 9,866 101.50% $119.06
DEAD ACCOUNTS $327,803 3,832 48.04% $85.54
ELF $1,267,397 10,815 84.39% $117.19
EVITA $1,548,991 11,249 87.23% $137.70
GLENGARRY GLEN ROSS $1,228,867 7,539 100.65% $163.00
GOLDEN BOY $396,424 5,442 69.98% $72.85
GRACE $445,047 5,648 58.49% $78.80
JERSEY BOYS $1,367,678 9,771 99.46% $139.97
MAMMA MIA! $1,439,211 12,572 93.25% $114.48
MARY POPPINS $1,487,252 14,062 97.82% $105.76
NEWSIES $1,396,734 10,845 100.84% $128.79
NICE WORK IF YOU CAN GET IT $1,265,146 11,231 86.72% $112.65
ONCE $1,446,088 9,696 101.83% $149.14
PETER AND THE STARCATCHER $768,302 7,793 93.85% $98.59
PICNIC $154,501 3,687 62.28% $41.90
ROCK OF AGES $744,667 5,155 98.25% $144.46
SPIDER-MAN TURN OFF THE DARK $2,716,990 16,946 114.83% $136.22
THE BOOK OF MORMON $2,158,595 9,846 102.63% $219.24
THE HEIRESS $496,204 5,205 60.81% $95.33
THE LION KING $2,666,616 15,097 100.03% $176.63
THE MYSTERY OF EDWIN DROOD $560,100 6,983 86.94% $80.21
THE OTHER PLACE $158,737 3,203 71.05% $49.56
THE PHANTOM OF THE OPERA $1,751,458 14,646 101.39% $119.59
WAR HORSE $1,041,448 8,326 97.36% $125.08
WHO’S AFRAID OF VIRGINIA WOOLF? $344,190 3,673 58.86% $93.71
WICKED $2,947,172 16,281 100.00% $181.02
Total: $37,441,497 292,432 88.20% $117.45

Broadway ticket sales raw data are provided courtesy of The Broadway League
All other data, text, opinion, charts and commentary are copyright © 2012 nytix.com

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Michael Tubbs - The Stats Guy

Michael Tubbs - The Stats Guy

Finance and Stats at New York Show Tickets Inc.
Michael's passion for Broadway and statistics came together perfectly for his assignment as "Broadway Sales Analyst" at New York Show Tickets Inc. He loves to forecast future Broadway ticket sales, diagnose breaking trends and can spot winners and loses long before the crowd. Favorite Celebrity: Ashton Kutcher