A smash since it opened on Broadway in 2024, the show has recouped all of its $22 million investment
A scene from La Jolla Playhouse’s 2023 world-premiere musical “The Outsiders,” which won the 2024 Tony Award for Best Musical on Broadway. “The Outsiders,” the Tony Award-winning musical that made its world premiere at La Jolla Playhouse in March 2023, has become one of the most successful new Broadway musicals in years.
On Tuesday, the musical’s lead producers announced that, as of Dec. 28, they had recouped all of the show’s initial $22 million investment. This is no small feat. Due to skyrocking production costs, it’s become nearly impossible for investors to earn their money back on a Broadway musical.Based on the 1967 coming-of-age novel by S.E. Hinton and subsequent 1983 film by Francis Ford Coppola, “The Outsiders” is about a scrappy gang of teen boys from the wrong side of the tracks in 1960s Tulsa, Oklahoma. It features a book Adam Rapp and score by the Texas folk music duo Jamestown Revival and Justin Levine. Debby Buchholz, La Jolla Playhouse’s managing director, said Tuesday it was an honor to launch “The Outsiders” into the world. “Watching it thrive on Broadway has been a profound source of pride for everyone at La Jolla Playhouse,” Buchholz said. “We are deeply committed to the development of new plays and musicals, and ‘The Outsiders’’ continued success in New York is a testament to the extraordinary artists who brought it to life and to the San Diego audiences who embraced it.” The musical opened on Broadway on April 11, 2024, at the Bernard B. Jacobs Theatre in Manhattan. Two months later, it won four Tony Awards, including the top prize of Best Musical. It has since played more than 760 performances to more than 781,000 audience members. A North American touring production is now under way and future productions are planned in London’s West End, Asia and Australia. The company’s producers include The Araca Group, American Zoetrope and film star Angelina Jolie. In a press release Tuesday, Araca Group’s Matthew Rego, Michael Rego and Hank Unger said in a statement: “We’re thrilled by how audiences have embraced and supported ‘The Outsiders’ … We look forward to seeing it continue to impact current and future generations of theatergoers for many years to come.”Officials believe San Diego is well positioned as cities compete for dwindling state homeless dollars At 82, retired teacher and former marathon runner has discovered his next chapter doesn’t require a busy social calendar At 82, retired teacher and former marathon runner has discovered his next chapter doesn’t require a busy social calendarFree rent, few takers: Despite incentives, labs aren’t taking space in San Diego Amtrak’s Pacific Surfliner launches 13th roundtrip between San Diego and Los Angeles, with plans to expand still moreFast Lane at San Ysidro, Otay Mesa border crossings will soon open to cross-border workersAnti-sex trafficking operation nets 105 arrests in San Diego targeting would-be buyers
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