June 16, 2014 - The Broadway League has released their annual end-of-season statistics report for 2013-2014, showing that attendance for the week of Memorial Day has reached an all-time high. Broadway shows yielded $1.27 billion in grosses between May 27, 2013 and May 25, 2014. This past season 44 shows opened, including 16 musicals, 25 plays and three specials while attendance reached 12.21 million.
According to the League, Broadway has helped generate $11.9 billion for New York City. This amount was comprised of direct spending in three areas: spending by producers to mount and run shows; spending by theatre owners to maintain and renovate venues; and ancillary purchases by “Broadway Tourists” (defined as non NYC residents who said that Broadway was a very important reason in their coming to New York City). The money that was directly spent in these areas was then re-spent in multiple subsequent rounds.
In total, the full contribution of Broadway Tourists amounted to $9.6 billion; shows contributed $2.2 billion; and theatres $17 million, for a total of $11.9 billion to NYC’s economy. Broadway also supports 87,000 jobs and generates $500 million in taxes to NYC.
The Broadway League, founded in 1930, is the national trade association for the Broadway industry. The League's 700-plus members include theatre owners and operators, producers, presenters and general managers in over 240 North American cities. For more information, visit BroadwayLeague.com and ilovenytheater.com.
Interested in learning more about Broadway theatres and the legendary performers and creative professionals who have worked there? Be sure to check out SpotlightonBroadway.com and view videos and photos celebrating the unique history of Broadway.
- Matthew Nelligan