First Bad News about Chuck E. Cheese, Now Broadway- Oh No!

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According to the Washington Post, the shutdown of Broadway’s 41 theaters will continue at least until Jan. 3.

Questions:

  1. Why is Broadway so important to New York’s economic health?
  2. What will happen to ticketholders for shows up to and including January 3?
  3. What percent of tickets for commercial productions in 1,000- to 2,000-seat theaters must be sold for the theaters to be profitable?

Source:

Marks, P. (2020). Broadway will remain shuttered until at least January. The Washington Post, June 29 (Retrievable online at https://www.washingtonpost.com/coronavirus/broadway-will-remain-shuttered-until-at-least-january/2020/06/29/ce97dbaa-ba21-11ea-bdaf-a129f921026f_story.html)