finance
Broadway Musical Just in Time Reports Profit for Investors
The musical Just in Time, which ran for a year with Jonathan Groff in the lead role, became the first new musical from last season to turn a profit. The production reached the milestone after investors recovered their initial costs.
May 18, 9:30 AM·1m read1 source
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The show, which featured Jonathan Groff in the lead role for a full year, is the first new musical from last season to reach this financial point. The production opened during the previous theater season and ran for twelve months before closing. Producers stated that ticket sales and other revenue covered all production and operating costs.
Theater industry observers note that most new musicals do not recover their full investment within the first year. Just in Time reached profitability after consistent weekly grosses and controlled expenses. Producers said the outcome reflects steady audience interest in the show.
They did not release specific dollar figures for the profit amount. The musical joins a small group of recent productions that have returned money to backers. Similar results remain uncommon for new shows in their debut season.
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