The High School Musical Gets Big

High school musicals have become big business, with schools buying advanced stage equiment and spending tens- and even hundreds- of thousands of dollars on their productions. “Because they are pouring more into their musicals – and thus having to sell more tickets, at higher prices – schools are becoming big business for licensing companies like Music Theater International and R&H Theatricals, which in the past made nearly all of their money from professional productions. Freddie Gershon, chairman of M.T.I., estimates that licensing for the school market is now a $75 million to $100 million annual business.”