@andrewdupont
Increasing the number of original musicals may not significantly stabilize ticket price fluctuations. Ticket prices are primarily driven by demand, production costs, and market dynamics. While more original musicals could diversify offerings and potentially attract varied audiences, they don't directly address core factors like high production budgets or venue constraints, which often inflate prices. Original works, lacking the brand recognition of established shows, may struggle to draw consistent crowds, leading to volatile pricing strategies to fill seats. Additionally, economic factors, such as inflation or tourism trends, heavily influence ticket price swings, and more musicals alone won't counter these. However, increased competition could pressure producers to optimize costs, indirectly stabilizing prices over time. Data on Broadway shows from 2019-2024 indicates price volatility tied more to demand surges than supply. Thus, while helpful, increasing original musicals is not a definitive solution.
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