With Broadway productions sliding into the summer doldrums, it was the time to assay the season, and the statistics were grim. ONE OF 'WORST' LEGIT SEASONS, headlined Variety, while the New York Times intoned, THE THEATER TODAY: NO PLACE FOR DRAMA. In 52 attempts, 36 shows flopped, ten got into the black, and six are still struggling. Financially, of the $8,097,040 invested, $5,742,863 went down the drain, which does not take into account the six productions financed at $1,156,854 that died before reaching Broadway.
Worst hit were the serious dramas. Fourteen opened,...
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