Backstage: Very quietly, almost stealthily, a new king has been inaugurated on Broadway. Box office figures released Monday show that "The Lion King" last week swiped the title of Broadway's all-time highest grossing show from "The Phantom of the Opera."
Tuesday, April 10, 2012
'Lion King' is Broadway's All-Time Box Office King
Backstage: Very quietly, almost stealthily, a new king has been inaugurated on Broadway. Box office figures released Monday show that "The Lion King" last week swiped the title of Broadway's all-time highest grossing show from "The Phantom of the Opera."
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Wow, another Disney article! This is my week. Personally I am not surprised that Lion King as out grossed Phantom. And that is mainly due to what the article announced, that the Lion King is enjoyed by everyone of all ages. I remember seeing this for the first time when I was in seventh grade and I was completely amazing. Soon there after, I saw Phantom and was only mildly impressed. The article also attributes the finacial success of Lion King over Phantom to the larger theater and pricier tickets. I think that yes, this is a factor, but it also says something about show. If the tickets are pricier and people still come back time and time again to see it, it most definately shows that the audience is more likely to support it.
This is a big moment for both The Lion King and Broadway. I googled this, and it's nice to see that there's dozens of articles on it, the kind of attention that Broadway should probably get regularly. I suspect, though, that if these numbers were adjusted for inflation, Lion King wouldn't be the King just yet. Phantom's 10 year head start would change the number a bit, probably enough to matter. I tried to find the yearly gross's and compute this, but couldn't. But anyway, the income during the first ten years would need to have 3% per year until now added to it, and the two shows are so close (at the time of the article's writing) that inflation-adjusted numbers might tell a different story.
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