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Broadway’s 2015-2016 season sets record with $1.37 billion in revenue

Lin-Manuel Miranda and the company in the Broadway

Lin-Manuel Miranda and the company in the Broadway production of "Hamilton" at the Richard Rodgers Theatre in New York City. Photo Credit: Joan Marcus

“Hamilton” rose up to become the hottest ticket on Broadway this season, taking the industry as a whole to new heights.

Broadway officially ended the 2015-16 season by setting a record in attendance (13.32 million) and grosses (more than $1.3 billion), according to The Broadway League.

The attendance figure, a 1.6% boost over the previous season, topped the crowds drawn by all the city’s sports teams combined.

“With the diversity of shows on stage, we are giving theatergoers what they want,” said Charlotte St. Martin, the president of The Broadway League. “The variety of musicals and plays — revivals and new shows — reiterates that there is something playing for everyone.”

Lin-Manuel Miranda and his crew are, without question, the stars of the show. His Tony-nominated hip-hop historical musical earned more than $1.7 million last week alone and continues to attract huge crowds.

Michael D’Angora, a theater promoter and producer, said it’s been a long time since a musical has gotten so much buzz.

“You see it being joked about on the ‘Tonight Show,’ you see it talked about on social media,” he said. “It hasn’t been like this since ... ‘Rent.’”

Surprisingly, given the mind-boggling price of tickets for “Hamilton,” the average paid admission went down slightly from $104.18 to $103.11, the first decrease in recorded history. The spike in grosses and attendance overall comes at a slower rate than the previous season’s dramatic increases of 7.6% and 7.3%, respectively, which resulted in a record year as well.

Izzy Pete, 29, who was visiting New York this week with his wife from Germany, said he felt enticed to see a show just by the huge amount of promotional dollars being poured into the industry throughout the city.

“We just had to go see what it’s like,” he said.

Aside from “Hamilton,” seven productions grossed $1 million or more last week — “Wicked,” “Aladdin,” “The Book of Mormon,” “The Phantom of the Opera,” “On your Feet!” and “Beautiful.”

Two, “Hamilton” and “On Your Feet!” opened this season.

“This has been a truly extraordinary season on Broadway and the talent is exhilarating,” said St. Martin.


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