It’s time for our yearly talk about ticket prices on Broadway.
Our favorite comparison, which we remember well, is when the Broadway ticket prices skyrocketed from $4.80 to $5.75. Can you believe that the producers were terribly worried that Broadway would crumble at that sharp increase in ticket prices!!!!
At any rate, those $5.75 tickets would cost $80.68 today (based on the inflation rate). This $80.86 price is two-thirds of the current ticket price, which seems to be holding steady at $125.00 per ticket.
We find it interesting that in those days we felt that Broadway might come to an end because there were only so many seats in a theatre, whereas most other goods and services could expand to meet the higher demand.
All our worries were unfounded because Broadway is flourishing, both in terms of average ticket price and number of viewers going to shows. Who knew?!?
Philip & Marilyn Langner