‘Newsies’ musical making money
NEW YORK — The boys from “Newsies” now have one more thing to dance about — they’ve made their money back.
Disney Theatrical Productions said Thursday that the musical recouped its $5 million investment in just over nine months — faster than any other Disney stage property.
The profitability of “Newsies” adds to Disney’s high success rate on Broadway. The entertainment giant has had now five hits — including “The Lion King” and “Mary Poppins” — from seven Broadway shows it has produced, way above the 3-in-10 average recoupment of most Broadway shows.
“Newsies” is based on the 1899 true story of child newspaper sellers in turn-of-the-century New York who go on strike.