Newsies cost $5 million to produce on Broadway. It recouped that amount in seven months.
After 1,005 performances in New York followed by a two year tour across the US they film the closing production with a budget of $2 million.
A three day cinema release saw ticket sales of $3.47 million in the US alone.
With international screenings still taking place this month, plus the encore cinema screening in the US on March 4th, I can’t see how anyone can argue filming successful stage productions isn’t financial feasible. Disney will only make more money with a home release of Newsies. I’m sure they will release it on DVD but this is something investors and theatre producers should keep in mind after their production has recouped it’s initial investment.
This success isn’t a fluke for Disney or Newsies despite it’s devoted fan base. Last year’s Miss Saigon and 2014′s Billy Elliot had similar success with their cinema screenings and subsequent home media releases. Between releases like this and BroadwayHD’s live streaming of shows, the future of theatre is to make it more accessible. Finger’s crossed more productions will jump on board!