The Clyde Fitch Report: This is a short post but an important one. On Thurs., Feb. 5, a press release was issued by the Broadway League, which is the national trade organization for Broadway, touting proposed legislation by Sen. Chuck Schumer to incentivize investments in live performance, including Broadway shows.
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This is something that when I originally looked at, I thought it was obvious that this was the most effective solution to atleast slightly improving the economic status of "middle-class" Broadway productions (productions that dont close after two months, but run for a year+ without turning into a more permanent-style production like Wicked, Phantom, etc.). However, when you look at how The West End is handling this question, we see that this may not even help Broadway. West End Productions, which are in part supported by the government of England, are not in much better economic status than when they weren't receiving large sums of money. Obviously there a variety of factors in The States that are vastly different than England, most notably that our film and television industries are far larger, but its definitely something that should be looked at before we start giving Broadway larger tax breaks (they are already receiving small tax cuts from the New York City government).
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