Now that “Monty Python’s Spamalot” has become the first Broadway show to break the Benjamin barrier, other hits are following suit.
“Spamalot” raised the $100 top-ticket ceiling in early October, when it upped its price to $110 (plus a $1.25 facilities fee). Now “Mamma Mia!” and Broadway’s top grosser, “Wicked,” have added a 10-spot to their pricetags.
Many expect “Lion King” to do the same (although a rep for the show said that currently there are no plans for it), along with the season’s upcoming big tuners including “Tarzan” and “Lestat.”
“Spamalot,” it turns out, raised its price at about the same time that the show recouped its initial $12 million capitalization. Producers announced Monday that as of Oct. 6, they had repaid backers the final 25% of their investment.