‘Hamilton’ Musical Gets Government Bailout Of $30 Million

By Steve Jurvetson - https://www.flickr.com/photos/jurvetson/25945250053/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=53290861

Lin-Manuel Miranda’s Broadway smash “Hamilton” received an $30 million in pandemic relief from the federal government and has the potential of getting another $20 million in compensation.

The sensational musical tells the story of founding father Alexander Hamilton through historical rap. Miranda’s hit performed so well that it has five productions running simultaneously throughout the nation.

Each production is eligible to receive $10 million of lost earnings through the Small Business Association’s “Shuttered Venue Operators Grant” program, which accounts for $15 billion of the $900 billion COVID relief bill. The Broadway production and two of the U.S. tours have already been compensated $30 million, the other two tours are waiting to receive word if their funding will be approved.  

According to “Hamilton” producer, Jeffrey Seller, the show itself is going to reap the benefits of the huge pandemic payout, not investors, producers, or the stars.  

“Remember when Chrysler and GM were about to go bankrupt? In the same way that the federal government came in to bail out auto companies, it’s doing the same thing for all of show business with this legislation,” Seller said. “It’s returning us to health and it’s protecting the well-being of our employees.”

As of 2020, the production made more than a billion dollars revenue worldwide, during its five-year run. The show has made more than $600 million on Broadway along, and is the seventh highest-grossing musical of all time.     

 “‘Hamilton’ has spent many millions of dollars during a time in which it was earning no income,” Seller complained. “Our goal is for ‘Hamilton’ to be in the same financial position it was in when we suspended operations on March 12, 2020.”


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Terry
1 year ago

People are starving in our country and we not only have homeless, but homeless Vets. Obviously Biden doesn’t care about Americans in need. He is a disgrace.

Horse
Horse
1 year ago
Reply to  Terry

Your talking about the left..
NY and calipornia have been given billions in bailouts under pres harris for their horrible spending practices and hand outs.
The party will continue as long as it’s other peoples money.
Media won’t cover that at all.

STEVE
STEVE
1 year ago
Reply to  Horse

something also to see / take in is the FACT that California has the Nations Wealthiest populus of MILLIONAIRES (47%)!!! OVER 200 of the Nations Millionaires are IN CONGRESS!!!
Kinda makes ya puke in the back of ones throat.

Jack Spring
Jack Spring
1 year ago

Bailing out the auto makers and saving thousands of jobs is not comparable to bailing out the arts. The arts are enjoyable, but not essential.

Terry
1 year ago
Reply to  Jack Spring

Excellent Point!?

Wharf Rat
Wharf Rat
1 year ago

Hey Joe I have a play that needs about $10 million. Let me know when the check is in the mail. Let the market bear what it does and let the leftist play be subject to the public choice. Just like NPR and National Endowment for the Arts – they would be dead if not for subsidy from govt. We truly have a dimwit in the White House

marty
marty
1 year ago
Reply to  Wharf Rat

A Dimwit Racist at that ! Wasn’t Miranda the guy said “whites need not apply” when he
was hiring for “Hamilton”, a play about our founding fathers (mostly white ) ?? Seems
like two of a kind, wasting tax money !!

Julie McLaughlin
Julie McLaughlin
1 year ago

Screwed up priorities by the left!

kom
kom
1 year ago

No, no, no…wrong, wrong, wrong.

Reggie Fraker
1 year ago

It’s not bad enough that every day people put money in their pockets, but this, why does Hamilton need a bail out they can close down some of their shows across the states. just more
Hollywood B.S.

Jane Derouchey
Jane Derouchey
1 year ago

Pathetic!!!!!!!!!!!

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