Who won Will It Recoup? Contest and Kindle Winner Announced!

Seems like just yesterday we were all freezing our spotlights off and picking the shows we thought would make money in this year’s Will It Recoup!  (If you aren’t familiar with our game, click here for the original post).

While the accounting statements may not be finalized yet, I think it’s pretty safe to say that there were three shows out of the ten in the field that recouped:

That Championship Season
Ghetto Klown
The Mother with the Hat

So first, a big congrats to Broadway for the 30% success rate.  Not so bad, in this era of rising costs, wouldn’t you say?

And a second congrats to reader Nick Coltone who scored a 100% in this year’s contest!  Nick, you gotta start investing and producing shows because you’ve got an eye for the ones that work.  Just imagine what you could have done if you had some real skin in the game. 🙂

Nick, drop me an email, and we’ll drop you a Kindle in the mail.

And the rest of you, there’s always next year.  Or maybe even this fall.  We’re thinking about rolling out a fall version of Will It Recoup. What do you think?

But before we do that, back to the 30% success rate, which is pretty consistent with what the industry says is the average number of shows that recoup per year.

That’s actually pretty decent in a high risk industry in my opinion.

But that’s not what gets me excited.

If 30% is the average, then doesn’t it make sense that with education, research and market analysis, an individual should be able to do better than that?  Doesn’t that mean that you should be able to pick winners 40% of the time?  50%?  Or even more?

I’d bet yes.

 

(Got a comment?  I love ’em, so comment below!  Email subscribers, click here, then scroll down, to say what’s on your mind!)

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FUN STUFF

– 79 Days to Godspell!  Read the day-by-day account of producing Godspell on Broadway here.

– Win 2 tickets to Hair on Broadway, and tell us what you think about nudity in theater. Click here!

 

This ain’t no instant win game.

I know what you’re thinking. Because I’ve thought the same way too.

If I can just get the show open, if I can just get the product launched, it’s going to be a instant smash hit.  It’s that good of an idea, script, score, whatever.

The money will pour in. The reviews will be stellar.  And the tickets will sell like hotcakes at an ‘I Love Hotcakes’ convention.

It’s perfectly fine to think that way . . . it’s perfectly fine to fantasize . . . as long as you’re ok with that fantasy not coming true.

Because odds are, it’s not going to happen.

Does that sound negative?  It’s not.  I’m not saying that your show, product, whatever isn’t going to be a super smash hit, but I just wouldn’t count on it being an overnight sensation.

Because business is not like the lottery.  You don’t wake up one morning and find that you’ve hit the jackpot.

No matter how good your show, your product, or your hotcakes are . . . you have to be prepared to put in the work.

But if you’re an entrepreneur, that’s when you’re going to have the most fun anyway.

– – – – –

FUN STUFF:

– Play “Will It Recoup?”  You can win a Kindle!  Click here and enter today!

– Need a writing partner?  Come to our Collaborator Speed Date!  RSVP today!

– Enter this Sunday’s Giveaway!  Win 2 tickets to see Priscilla Queen of the Desert!  Click here!

 

Book version of Year #3 now available.

I made the first year of The Producer’s Perspective available in book form as a lark.  Frankly, I wanted a book to put on my mantle, and something to give my Mom for Christmas.

What I wasn’t prepared for was that a lot of you out there really enjoyed reading it in book form.  So, I vowed to keep publishing a yearly volume.  And so, it is with shock and awe that I announce that Year #3 (!) of TPP is now available for purchase in book form.

You can get it here.  (Previously year versions are available here.)

Books are a stubborn lot.  Despite the vast number of products like the iPad and Kindle that have transformed the way we consume the written word, they aren’t going away without a fight.

Let’s hope the theater is just as ornery.

The “Will It Recoup” winner announced! Did you win a Kindle?

Last Sunday saw the closing of Lend Me A Tenor, our last hold-out of the limited-run plays from this Spring season.

Sadly, my sources tell me that Tenor didn’t manage to turn to profit.

The only good news is now that we know, we can finally crown the winner of this year’s Will It Recoup!  (If you’re new to the blog and don’t know what-the-fiduciary-responsibility we’re talking about, click here for the original post.)

Someone is taking home a Kindle.  Is it you?

Here’s how the final profitability tally looks:

A View from the Bridge: RECOUPED!
The Miracle Worker: Did NOT recoup.
A Behanding in Spokane: Did NOT recoup.
Next Fall: Did NOT recoup.
Looped: Did NOT recoup.
Red: RECOUPED!
Lend Me A Tenor: Did NOT recoup.
Fences: RECOUPED!
Enron:  Did NOT recoup.

THREE winners in the bunch out of nine entries!  A 33% success rate this Spring!

Who says Broadway is a risky place?  You just gotta know how to pick ’em right?

And you certainly do.

A total of NINE of you scored a 100% in this year’s contest (boy, would you made some bank if this wasn’t a virtual-investment game).

The winner of the Kindle can down to the tiebreaker question:  Which of these shows would win the most Tony Awards?  (Answer:  Red)  After adding that criteria, the nine were cut down to a field of TWO.

So, we’re going to pull a Solomon and cut the Kindle in half to see who really wants it.

Naaaaah.  We’re going to give away TWO!

Congrats to Howard and Zach on their play.jpgckin’ prowess!  You’ve both won a Kindle!

Look for an email from me with details.

And for the rest of you . . . well, there’s always next year.  Picking winners isn’t a one season game.  There’s always another year . . . whether you’re playing a game, or producing for reals, yo.

A Will It Recoup Update. How is Broadway doing this Spring?

You forgot about this contest, didn’t you?

Back in February, we launched our second ‘Will It Recoup’ fantasy Broadway investment game and put a Kindle on the line.

The name of the game says it all (just like the name of your show should reflect exactly what your show is about).  It’s your job to pick the winners from the floppers in the Spring season.

So how are you (and the Broadway Producers) doing so far?

Here’s what we know and what we don’t:

A View from the Bridge: RECOUPED!
The Miracle Worker: Did NOT recoup.
A Behanding in Spokane: Did NOT recoup.
Next Fall: Did NOT recoup.
Looped: Did NOT recoup.
Red: RECOUPED!
Lend Me A Tenor: Too soon to tell.
Fences: RECOUPED!
Enron:  Did NOT recoup.

So that makes a total of 3 Broadway shows out of 9 that have recouped already. That’s a pretty bountiful Spring, considering the statistical average is 1 out of 5 (although it is certainly not a coinky-dink that two of the three shows that have recouped featured Hollywood mega-stars Denzel Washington and Scarlett Johansson).

Still, the game is not over.  We’ve still got one show on the fence.  We could have quite a good year if it falls into the win column.

How are you doing?

Well, there are 27 of you who picked those three shows to recoup, and the five shows that did not.  27 of you are still in the money!

So…it all comes down to Lend Me a Tenor.

See you in August!

Ken Davenport
Ken Davenport

Tony Award-Winning Broadway Producer

I'm on a mission to help 5000 shows get produced by 2025.

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