Kings of New York! Disney’s Newsies Recoups Initial Investment
As if Disney’s Newsies didn’t have enough bragging rights, it seems the kings of New York have another banner to carry with new accomplishments. After a highly successful regional premiere, an unexpected Broadway run and breaking record after record it seems as The Nederlander Theatre, Disney’s Newsies has managed to capture yet another accomplishment. Disney Theatrical has proudly announced that Newsies has fully recouped it’s entire intial investment.
Newsies is a new stage musical brought to you by Disney Theatricals. The production features a score by eight time Academy Award Winner Alan Menken (music) and Jack Feldman(lyrics) with a book by four time Tony Award winner Harvey Fierstein. The renown production was directed by Tony Nominee Jeff Calhoun and choreographed by Tony nominee Christopher Gattelli. Newsies is the epic story of the Newsboys Strike of 1899 which lasted from July 20th to August 2nd. After not being protected from the union during this time period, the newsboys famous walk off the stands has been turned into an epic Disney picture film that is unforgettable. The movie completely flopped at the box office in its 1992 debut but had gained a cult following since which had called for a stage production of the show
Disney’s announcement regarding Newsies recoupment comes just 41 weeks after the production premiered on Broadway. That means in this time period, over 400,000 people have visited The Nederlander Theatre to see Newsies. The initial investment Disney had placed in Newsies was around $5 million dollars. This amount is significantly less then most productions Disney mounts on Broadway. However, this was one of their safety steps while mounting Newsies on Broadway after recent endevaors, such as The Little Mermaid and Tarzan, went sour resulting in major financial losses for the organization. The 41 week time period also marks the fastest time period in Disney Theatrical history that a show has recouped its investment in.
President of Disney Theatricals Thomas Schumacher released the following statement with the exciting news:
“We are thrilled that Broadway audiences have embraced the show as they have. It’s a testament to the power of this story of young people uniting to fight for what’s right as captured in the words and music of Harvey, Alan and Jack and brought to glorious life in Jeff’s production and Chris’ choreography. We believed deeply in the show, but a year ago, we really didn’t see this coming so quickly.”
Newsies on Broadway was nominated for 8 Tony Awards and went on to win for both Best Original Score (Alan Menken and Jack Feldman) and Best Choreography(Christopher Gattelli) . The show was also just recently nominated for Grammy Award.
Disney’s Newsies on Broadway is currently running at The Nederlander Theatre on 41st street. The show is now officially an open run which means there is no current set end date. With the endless this show holds, you wanna see this sooner rather then later! For more Disney on Broadway news, check out Luner on Theatre’s Disney Blog Page. For more information, check out Disney’s Newsies on Broadway’s Official Website. Be sure to check Luner on Theatre on Facebook and Follow Us on Twitter as well! We are constantly updating these pages with information! And of course, check out the rest of Luner on Theatre for all your theatre news you don’t only need but want to know!