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Phantom: The curtain is falling on Broadway's longest-running show

Phantom: The curtain is falling on Broadway's longest-running show

The show must go on

‍**The Phantom of the Opera**, the longest-running show in Broadway history, will linger in Manhattan a little longer after its February 2023 curtain call was pushed back by 8 weeks.

The musical has been a major hit with Broadway audiences for nearly 35 years and, after the September announcement that Phantom would fade away in the new year, the production has seen a huge sales boost, reportedly pulling in $2.2m in the last week alone. Data collated by IBDB shows how Phantom, over more than 13,000 individual performances, maintained a remarkable 90% average attendance rate from 1988-2019 — with nearly every show sold-out for the first 8 years of its run.

Stranger than you dreamt it

Indeed, Phantom's attendance figures only really began to drop noticeably in 2022. Broadway theaters, like much of the performing arts industry recently, have struggled — Forbes neatly ascribing 2022’s spate of show closures on the strip to “costs, COVID, and crime”.

Calling time on a Broadway heavyweight like Phantom could be seen as a clear marker of how tough things have got — but it’s also natural for shows to lose momentum after almost 4 decades at the top. If Phantom's been on your Broadway bucket list we wish you luck — searches for tickets have spiked dramatically.

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Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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