Broadway Hit Hamilton Could Get $ 50 Million Federal Bailout – Real Pundit

When it comes to wasting COVID-19 spending, it may seem like there aren’t many things the federal government hasn’t done.

But you just have to wait.

Broadway hit Broadway Hamilton receive at least $ 30 million and possibly up to $ 50 million in federal bailout funding, The New York Times reported Wednesday, despite its status as one of the most successful and useful musicals in American history. Funding is delivered through the Shuttered Venue Operators Grant (SVOG) program, a share of $ 15 billion of the $ 900 billion COVID relief bill passed by Congress in December. Each production affected by the pandemic is allowed to apply for up to $ 10 million from the program, but Hamilton Get several times in total because the Broadway production and each of the four tours shown are separately appropriate, according to Weather.

In fact, it should be good that Washington is on your side.

Jeffrey Seller, Hamilton ‘s lead producer, spoke to time that none of the bail money will go to the producers or investors and that it will not be paid by the royalties of artists like Lin-Manuel Miranda. Instead, the money will be used to “restore closed productions” and pay for fees accrued during the show’s pandemic end.

Don’t buy into this controversy. The money is available and every dollar contributed by taxpayers to “remount closed production” is a dollar that investors and producers of the show will not spend or borrow to do the same. We are very clear about this: Hamilton fully back on stage whether the federal government starts with $ 50 million or not.- READ MORE

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