Lin-Manuel Miranda’s hit musical Hamilton celebrated its anniversary on Broadway on Saturday. Through Grammy wins, a hit soundtrack and a record 16 Tony nominations, Hamilton has become a favorite among theater circles and the general population.
Since its transfer to Broadway, Hamilton has grossed more than $95 million, not counting the millions it has lost every week to ticket resellers. The show’s high profile and financial success has brought more attention to Broadway and theater, but that hasn’t translated to necessarily better outcomes for the other musicals on Broadway.
In the 2015-2016 season, the year to May 31, 16 musicals opened on Broadway. Only five — other than Hamilton — are still open, and one more is scheduled to close before the end of December. But while that sounds like a high number of closures, it’s fairly similar to the trends for Broadway musicals from the past decade.
Broadway as a whole was also largely unaffected. Gross ticket sales decreased by 1.1 per cent, and attendance went up by 1.7 per cent between the 2014 and 2015 seasons.
So while Hamilton has shaken up pop culture, it’s not necessarily carrying the rest of Broadway on its coattails.
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