Boris Kachka discusses the dynamics of Broadway today, highlighting the high production budgets, variety of shows, and looming financial challenges in his piece 'We've Hit Peak Theater.'
Key Points
Broadway is currently facing financial challenges despite a wide variety of shows being available
Production budgets are at an all-time high, but audience numbers are down
Pros
Variety of shows available for audiences to choose from
High production budgets leading to extravagant productions
Cons
Audience numbers are down compared to pre-pandemic levels
Cost of putting on a show has significantly increased