𧥠New from Bitcoin for the Arts: Broadway just killed its most-awarded new musical of the season after only five months.
Cats: The Jellicle Ball won three Tony Awards, made history with the first openly trans woman to win a Tony for costume design, and was grossing close to a million dollars a week. It still couldnât survive.
Andrew Lloyd Webber says the American theater is in âdire danger.â Heâs right â but the reason isnât what most people think.
This isnât really a story about taste, diversity, or streaming. Itâs a story about money. When production costs triple (or more) while the dollar quietly loses value every year, even successful new work gets crushed by the math.
Broadway had its biggest year ever in ticket sales. At the same time, most new musicals are closing inside four or five months.
The same pattern is showing up across the arts â ballet companies cutting roles, orchestras struggling, regional theaters shrinking. Different cities, different disciplines, same underlying pressure.
If youâre an artist trying to build something that lasts longer than the next budget cycle, this is worth understanding.
Read the full piece:
https://open.substack.com/pub/bitcoinforthearts/p/broadway-just-killed-its-most-awarded
#Bitcoin #SoundMoney #Broadway #BitcoinForTheArts #ArtsFunding #MonetaryDebasement #AndrewLloydWebber