With the Great British economic crisis really upon the area of London, will the city’s likeable musicals and plays keep the show revenue coming in? Over in the theatre district Broadway, the musicals and plays can be found being hit with reduced ticket revenue as many people are choosing to stay in instead of hit the streets of New York. Lots of people, especially couples and families are staying in watching the very latest blockbuster movies than heading out to watch a theatre production. The Broadway theatre productions have responded quickly by reducing ticket prices to increase theatre show goers back, so far with increasing results. Infact, Shrek the Musical is selling a family ticket bundle of two adults paying entire price with up to three children attending the musical for free. With the status of the Shrek animated films, the status has additionally transferred to the Broadway adaptation.
Over in London’s West End, the show revenue have additionally registered a decrease. This downturn has caused lots of shows to monitor their profit line even more. And with some musicals and plays starring costly stars, like Nicole Kidman and Rob Lowe, the theatre production organisations need to redeem this cost. Thankfully for London and of course the shows there are cheap musical ticket booths that allow theatre show lovers to get tickets for top shows at a small fraction of the ticket price. These well known show ticket booths have observed a growth in ticket revenue since the economic crisis and this permits the theatre goers of London and its lovely visitors to be able to afford to purchase their favourite shows without spending too much cash.
As the economic crisis continues, we could find that some theatre productions might well start to offer similar ticket deals to that of Broadway with family show bundles. But, there are a few musicals that will stand the test of time – plays like Lord of the Rings and Priscilla Queen of the Desert have been around for loads of years and show no signs of reduced tickets sales.
