Broadway at a Financial Crossroads as Cats Revival Closes Amid Industry Alarm
Andrew Lloyd Webber warns Broadway is facing a financial crisis even as Cats: The Jellicle Ball announces an August 8 closing, citing stubborn royalty structures that undercut new-work profitability. He urges theatre owners, unions, and producers to act as industry-wide pressures deepen, pointing to a pattern where even well-attended, award-winning shows struggle to sustain long runs, while star-driven straight plays find more success and many musicals close.