A male in a surgical mask strolls through Manhattan’s Broadway Theatre district after Broadway reveals revealed they will cancel efficiencies due to the coronavirus break out in New York, March 12, 2020.
Andrew Kelly | Reuters
Broadway theaters will stay closed through May.
The Broadway League, a trade company representing manufacturers and theater owners, revealed Friday that Broadway’s 41 theaters will stay closed through a minimum of May 30.
“With nearly 97,000 workers who rely on Broadway for their livelihood and an annual economic impact of $14.8 billion to the city, our membership is committed to re-opening as soon as conditions permit us to do so,” stated Charlotte St. Martin, president of the Broadway League. “We are working tirelessly with multiple partners on sustaining the industry once we raise our curtains again.”
People holding tickets through that date are recommended to call their point of purchase for refunds or exchanges. Broadway has actually been closed given that March 12, and it’s uncertain when theaters will resume operations.
During the last Broadway season — from May 28, 2018, to May 26, 2019, — reveals tallied more than $1.83 billion in ticket sales, marking its highest-grossing season in history, according to a yearly report released by the Broadway League.
The league has actually not launched the numbers for the 2019-2020 season, which would have ended in May, however we understand that Broadway snared just around $300 million in ticket sales in 2020 prior to shuttering.
Broadway’s closures resound far beyond the theater world. Tourists who venture to New York City to see musicals and plays contribute billions of dollars to the regional economy as they spend for taxis, food and hotel spaces.
People who pertain to go to the city from other states or nations represent 65% of Broadway’s yearly ticket sales. These visitors contributed around $11.5 billion to the New York City economy in 2015.
Around $8 billion of that costs was at dining establishments, hotels, stores and for mass transit.