593. You Can Make a Killing, but Not a Living

Broadway operates on a winner-take-most business model. A runaway hit like Stereophonic — which just won five Tony Awards — will create a few big winners. But even the stars of the show will have to go elsewhere to make real money. (Part two of a two-part series.) SOURCES: David Adjmi, author and playwright. Sonia Friedman, theater producer and founder of Sonia Friedman Productions. John Johnson, theater producer and co-founder of Wagner Johnson Productions. Tom Pecinka, actor. Sarah Pidgeon, actor. RESOURCES: "Tony Award Winners 2024: The Full List," by Rachel Sherman (The New York Times, 2024). "Everything to Know About the Stranger Things: The First Shadow Play in London," by Tara Bitran (Tudum, 2024). Stereophonic, by David Adjmi, Will Butler, and Daniel Aukin (2023). EXTRAS: "How to Make the Coolest Show on Broadway," by Freakonomics Radio (2024). Hosted by Simplecast, an AdsWizz company.