Is Diana the Musical the first domino in the straight-to-streaming market?
Is Diana the first domino in the straight-to-streaming market?
And you thought Princess Diana’s actual story was dramatic?
In one of the biggest stories to hit the Covid-infused airwaves of late, the Producers of the new Broadway musical Diana announced they’d be doing a performance in the next few weeks . . . for no audience . . . but a ton of cameras.
That’s right, Diana is going to Netflix. It will premiere on the streaming network before Diana’s (currently scheduled) May 25th, 2021 Broadway opening.
A lot of people have been floating the idea of shooting a show as we wait out the pandemic. After all, the sets are sitting right there in the theaters . . . and the actors are sitting right there at home.
It makes sense why Netflix wanted this specific show. Diana is a big brand and a documentary – two things Netflix audiences love. And, Netflix makes decisions on data. I’m sure they know how many people will watch the musical based on how many people have devoured other Diana content on their site. (Ahhh, digital stats – aren’t they great?)
Now, the question is . . . will other shows follow? Which ones? And will it happen during the pandemic? Or when Broadway comes back? And will Diana sell more tickets because of this stream?
So many questions . . . because it’s such an exciting idea.
What’s awesome to me is that Broadway is a business that does NOT like to take risks. But as I mentioned in this blog, now is not a time for a “We can’t” about anything.
And major kudos to the Producers and Creative Team and all the unions involved for going for it.
Because first, a whole bunch of people are going to get paid. And right now, our artists, musicians, stagehands and everyone needs the work.
And second, once one show does something like this, a whole host of others will follow.
Yep, a new model just got made. And it’s a good one.
Because it will raise the awareness for a new title before the show arrives on Broadway, which is the hardest thing for any new show to do. It’s like releasing a cast album before the show opens. (Waitress did this successfully in recent years, and of course, Jesus Christ Superstar was the first and best example of making a brand before Broadway.)
That’s right, I think streaming is the new cast album.
And I’ll predict it right now . . . regardless of how the Broadway show performs (and I’m hearing great things) . . . it will do better on Broadway, on tour, and for the rest of its licensing life, because they made this deal.
Now . . . what show will Netflix go after next?
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We posted a survey about streaming on Monday . . . did you see it? Click here to ask your question about this emerging model for Broadway or for your show!