How to make money producing on Broadway

If every great Broadway show is thrillingly unpredictable, the same can also be said for investing in theater productions.

Theater backer Jim Freydberg headed a team of investors who put in $500,000 in “The Phantom of the Opera” when it opened on Broadway in 1988. He has earned an estimated $15 million profit from the show and is fond of remarking that only his Apple stock has been a better investment.

Total Broadway box-office revenue has successively risen over the past five years. Last year’s cumulative sum of $1.44 billion is expected to be eclipsed by the numbers from the most recent season, which includes lavish new shows such as “Harry Potter and the Cursed Child” and “Frozen.

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