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This week we've been looking at -- investments everything from art to peer to peer lending to water.
And with the 67 annual Tony Awards this weekend while week that we got another one to the list.
How investing in Broadway shows with some advice on making money up the great white way is Charles -- a columnist with -- -- Our -- -- certain by talking about upping the businesses Broadway.
-- -- it's huge and it's gotten bigger it's a one billion dollar a year business slightly over one billion dollars.
On up about 50% over the last decade.
I mean you see the crowds in Times Square everybody's going to -- show and that's a lot of money it is yeah.
The hits are what matters there.
How often they turn to outside investors is -- the small group of people who fund every show or how does that work -- it's actually a fairly large group -- -- there are hundreds of people involved each show it's its own kind of micro economy if you will and -- producers really just have to find people to back shows that no.
No producer has.
Has millions of dollars in their back pocket then why don't people bankroll these things because it's so hard to get a hit.
Right well you know I think a lot of it is the celebrity factor you get to rub elbows with the stars.
Your guarantee the very least.
Tickets opening night and to -- after cast after show party so that's kind of your chance to feel like you're part of the whole Broadway -- so how much does it -- -- get those opening night to well.
I -- up like -- A minimum usually of 25000 dollars that the musical.
101000 dollars if it's a play on if you want to have more backhand more to say in the show you're gonna have to put in more money.
Still how all likely MIA to have a big hit though.
If I'm investing 25000 dollars and -- -- seems to me that they hits are few and far between.
I was really surprised about this I kind of thought though.
That you know if all these people are doing it somebody's gotta be making money.
The truth is only one out of every four shows turns a profit so the odds are really stacked against you the thing is if you turn a profit it could be a very big profit topic.
Well I think another great example is when Andrew Lloyd Webber was -- show about some backyard cats.
-- and couldn't find anybody.
He ended up selling shares for -- -- about 15100 dollars that you know sort sort of a global investment in.
If -- invested that there was a 5000%.
Return oh wow so I mean that's when the most successful shows of all time.
But yeah I mean those kind of that kind of money does exist any tips on picking a winner.
Well I think the thing to think about when you're picking winners what I was told what to avoid one of the key things to think about.
He is don't pick a show that's going to be the same subject matter are targeting the same audience as a lot of other shows that are out there right now.
He also very careful about shows with not just huge budget to begin with huge ongoing budget some shows have ongoing weekly budget -- about half million dollars.
He got to be very careful with a lot of tickets yet the Spiderman Spiderman wolf Spider-Man -- from the interest and went 75 million dollars the most expensive show to produce.
And yet it could end up making its money back it's still going it's still going to unbelievable itself with all -- -- they had Charles thanks for coming out so great to see -- Have a great weekend you too.
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