The strike by theater stagehands is taking a big toll on Broadway’s $5-billion-a-year business, the Wall Street Journal reports. With restaurants, hotels, and bars feeling the pain as theatergoers stay away, officials estimate that the city that never sleeps is losing up to $17 million a day. No talks are currently scheduled.
The strike, which began Saturday, has shuttered 27 Broadway shows, though a handful, and all off-Broadway productions, remain open under different contracts. There are worries that the blackout will affect tourism during the holiday season; up to 60% of Broadway’s revenues come from tourists, say theater officials. “If they feel they can't count on New York, they may not come."