Branden Jacobs-Jenkins' Tony-Winning Play 'Purpose' Recoups $5.25 Million Broadway Investment After Closing
By
Greg Evans
A bagel you'd recommend to a friend without hedging.
Summary
Branden Jacobs-Jenkins' Tony and Pulitzer Prize-winning play 'Purpose' has recouped its $5.25 million Broadway capitalization more than nine months after closing. The recoupment was achieved with the help of the New York State Tax Credit and operating profits from the Broadway run, allowing investors to receive a full return on their capital contributions. The acclaimed production ran for an extended 27-week engagement at Broadway's Helen Hayes Theater.
Key quotes
· 3 pulledProducers announced the recoupment today, saying it was achieved with the aid of the New York State Tax Credit as well as the operating profits from the Broadway run.
The production's investors have received a full return of their capital contributions.
The acclaimed production played an extended 27-week engagement at Broadway's Helen Hayes Theater
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