This episode explores the economics and creative process behind Broadway musicals, using the development of "Three Summers of Lincoln" as a case study. Against the backdrop of Broadway's high production costs and low return on investment (only 15-20% of shows recoup their investment), the podcast interviews the creative team and producers of this new musical. More significantly, the discussion delves into the challenges of securing funding, with producers initially self-financing before seeking outside investors. For instance, the episode highlights the significant upfront costs for writers, composers, and performers, many of whom rely on side hustles to supplement their income. The creative process itself is also examined, showcasing the collaboration between the book writer, lyricists, and composer, and the evolution of the musical's songs. Finally, the episode concludes with a surprising twist: the lead actor's departure shortly before the show's premiere, highlighting the inherent risks and uncertainties within the Broadway industry.
