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Fortune
Fortune
Michael Barra

Investors are in a race to acquire music rights. Here’s why they should be looking to Broadway instead in 2023

Photo of the opening night curtain call for "Into the Woods" on Broadway (Credit: Bruce Glikas - Getty Images)

You may have heard the adage about Broadway: “You can make a killing; you just can't make a living.” Of course there’s potential for blockbuster returns à la Hamilton—but it’s been often reported that barely 20% of productions return even their initial investment.

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