Friday, April 13, 2012
'Wicked' Millionaires: The Rich Profits of the Hit Musical
Playbill.com reports this week that the hit musical 'Wicked,' based on the novel by Gregory Maguire and featuring a score by Stephen Schwarts and a book by Winnie Holzman, has made the show's creators millionaires several times over.
It sounds like if you're on the creative team of a Broadway musical and one that is a mega-hit you may be set and never need to work again.
'Wicked' which celebrated its eighth anniversary on Broadway last October, has earned more $300 million in profits from productions worldwide for the musical's producers and investors. Here's a breakdown of the creative team's earnings from the article:
"Authors Maguire, Schwarts and Holzman have earned more than $95 million, while director Joe Mantello's take has exceeded $23 million. Others who have profited include set designer Eugene Lee (more than $6.6 million), choreographer Wayne Cilento (more than $6.3 million) and costume designer Susan Hilferty (more than $2.2 million)."
The report adds that the information is based on papers filed with the New York State attorney general's office in June 2010. So these figures understates the team's actual compensation to date.
'Wicked' takes a revisionist look at the American icon of evil and discovers how the young Elphaba, a passionate, committed young woman from Oz, becomes the Wicked Witch of the West. Her character is contrasted with that of her school roommate Glinda, who grows up to be the Good Witch. Visit wickedthemusical.com for information about the Broadway, touring and various worldwide productions of the musical.
Click HERE to read the full article on playbill.com.