UPDATE, 10:20 AM: The Stage reports London ticket prices have tripled in a decade. “The West End’s most expensive tickets have reached a new high of £152.25 ($261.23) after The Book Of Mormon increased its premium seat prices by 20% from last year’s £127,” according to a an annual survey conducted by the UK industry periodical whose results were released in June. “This is more than triple the amount it cost to buy a top-price seat in the West End only 10 years ago, when a record high was reached with a £49 ticket to see The Producers in 2004. Over the same period, house prices in London have increased by around 90%.”
Star power, great reviews and premium tickets worked some fast magic on both sides of the Atlantic this week as the producers of two of the hottest shows in recent seasons announced recoupment.
David Binder, the lead producer of Hedwig And The Angry Inch — the wild rock musical starring Neil Patrick Harris that in June won four Tony Awards, including best revival of a musical — said the show recouped as of last Sunday after 15 weeks (preview performances began on March 29). Harris, also a Tony winner, will be replaced beginning August 20 by Book Of Mormon and Girls star Andrew Rannells. According to the show’s documents, it was capitalized at $5 million.