Harry Potter and the Cursed Child revenue declines: What does this mean?

Revenue of the hit stage production Harry Potter and the Cursed Child has declined, but does this mean anything significant? Are the plays days numbered?

Harry Potter and the Cursed Child is undeniably a success. Available to see live on stage across the world in three different countries, soon to be five, and the winner of a slew of different awards; the Wizarding World production has, pretty much, done it all.

A recent report from Forbes, focusing on specifically the Broadway production, has revealed that revenue sales of the Wizarding World production has declined.

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Looking at the numbers reported. Wizarding World fans will be pleased to hear this is not the beginning of the end of Harry Potter and the Cursed Child.

The report by Forbes indicated that in the week that ended September 16, 2018, the production produced revenue of $1,988,464. Whereas for the same period of 2019, the production only produced $1,083,869.

This is a significant decline, but still well over what the maximum amount the production can make if it sold every ticket available for the Lyric Theatre; which seats 1,622. The revenue produced for 2018 was over 100% of the potential revenue, whereas the 2019 revenue is around 50% over.

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So, while the knee jerk reaction is Harry Potter and the Cursed Child is on the decline. It is a little premature to think so.

The production is still going strong in the potential revenue department. 2018 was the first year of the production so the demand was high; ultimately leading to higher ticket prices being sold compared to prices a year later. The production is now open in San Francisco and will so in Hamburg and Toronto in 2020 and is still going strong on the West End, Broadway, and the Melbourne Theatre in Australia.

So yes, Broadway revenue is down. But that is it. The production is still going strong and there is nothing to worry about.

What do you think? Do you see the decline in revenue for Harry Potter and the Cursed Child a bad thing? Drop a comment just below sharing your thoughts.