Business, 05.03.2020 02:43 amandajbrewerdavis
Hamilton' Scalpers Pocket $240,000 Every Week by Gerry Smith The Broadway hit ""Hamilton"" is making millions. It could be making millions more if not for scalpers snapping up seats and hawking them for $2,000 a piece or more. At least $30,000 from every show goes to ticket resellers instead of the musical’s investors, producers and cast, according toMatt Rousu, an economics professor at Susquehanna University. With eight shows a week, that comes out to $240,000 every seven days, or almost $12.5 million a yearfilling the pockets of brokers, he said. It’s become such a problem that the show’s producers are considering almost doubling premium-priced ""Hamilton"" tickets to $995 to keep more of the profit for themselves, according to the New York Post. The move is one of several experiments playing out in the ongoing cat-and-mouse game on Broadway between show producers and brokers.
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Hamilton' Scalpers Pocket $240,000 Every Week by Gerry Smith The Broadway hit ""Hamilton"" is making...
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