Jujamcyn Theaters Explained

Jujamcyn Theaters LLC, formerly the Jujamcyn Amusement Corporation, is a theatrical producing and theatre-ownership company in New York City. For many years Jujamcyn was owned by James H. Binger, former Chairman of Honeywell, and his wife, Virginia McKnight Binger. The organization is now held by its president, Jordan Roth, and president emeritus, Rocco Landesman.

The third-largest theatre owner on Broadway, behind the Shubert Organization and the Nederlander Organization, Jujamcyn owns five of the 41 Broadway theaters.

History

William L. McKnight, former chairman of 3M, owned several theatres, two in New York and one in Boston. McKnight's daughter, Virginia McKnight Binger and her husband, James H. Binger, a top executive at Honeywell, shared a love of theatre. In 1976 when William McKnight wanted to sell his theatres, Binger stepped in to assist.[1] He found the business fascinating, and after paying the gift tax and selling the Colonial Theatre in Boston, he and Virginia agreed to own and later expand the operation on Broadway.

Jujamcyn derives its name from the names of McKnight's grandchildren, the Bingers' children: Ju[dith], Jam[es], and Cyn[thia]. Over time Binger expanded Jujamcyn to five theatres to create the third-largest theatre-owning company on Broadway. The five Jujamcyn theatres are:

  1. St. James Theatre (acquired in 1957 by McKnight)[2]
  2. Al Hirschfeld Theatre (formerly the Martin Beck Theatre,[3] acquired in 1966 by McKnight)[4]
  3. August Wilson Theatre (formerly the Virginia Theatre,[5] acquired in 1981)[6]
  4. Eugene O'Neill Theatre (acquired in 1982)[7]
  5. Walter Kerr Theatre (formerly the Ritz Theatre,[8] acquired in 1981)[9]

In 1987 Binger brought in Rocco Landesman to run Jujamcyn.[10] Landesman was a successful theatrical producer and was friendly with Binger from previous theatrical productions and a shared interest in racehorses.[11] Over the next 17 years, Landesman, Binger and the Jujamcyn organization would produce and house a successful string of Broadway hits. Including box office juggernaut The Producers, which won a record 12 Tony Awards in 2001.[12]

After the Bingers' deaths

Virginia Binger died in 2002, and James Binger died in 2004.[13]

Rocco Landesman, producer and President of Jujamcyn since 1987, announced that he planned to buy Jujamcyn Theatres, telling the New York Times that he had a long-standing understanding with Binger that he would buy Jujamcyn's five playhouses. The theatres had an estimated net asset value of about $30 million. Landesman closed the deal in February 2005 for $30M, but then tried to sell a 50% stake in the group for $50M to enable investment in the Cincinnati Reds baseball team – his group lost out to Robert Castellini.[14]

In 2009 after 22 years with Jujamcyn, Landesman was tapped by the Obama administration to take a position in Washington as chairman of the National Endowment for the Arts. That year, Landesman sold a half interest in Jujamcyn to Jordan Roth, a successful 33-year-old theatrical producer who had joined the company in 2005 as resident producer and vice president. Roth, as president, assumed full control of Jujamcyn as Landesman departed for the NEA.[15] From his first year, Roth began identifying a new era of shows for the company’s theaters with his first hits including, Spring Awakening, with eight Tony Awards, Grey Gardens, with three, and his 2009 revival of Hair.

In 2013, Roth bought the majority stake of Jujamcyn, making him the youngest principal owner of a Broadway theatre chain.[16] Since Roth took over, Jujamcyn theaters have been home to notable shows including Tony-award winners The Book of Mormon, Springsteen on Broadway, Kinky Boots, A Gentleman's Guide to Love and Murder, and Clybourne Park among many others.[17] As part of a settlement with the United States Department of Justice in 2021, Jujamcyn agreed to improve disabled access at its five Broadway theaters.[18] [19] The same year, Roth hired SeatGeek to manage ticket sales for all five of Jujamcyn's theaters; previously, Ticketmaster had been in charge of ticket sales.[20]

In February 2023, it was announced that Jujamcyn would merge with Ambassador Theatre Group, although it was unclear what the combined company would be called. The agreement would give the combined company seven Broadway theaters, and Jordan Roth was to be appointed as the creative director for the company.[21] [22] In July 2023, Jordan Roth sold a 93 percent stake in Jujamcyn's five theaters to ATG and Providence Equity. In exchange, Roth bought a 7 percent ownership stake in ATG's two other Broadway theaters, the Lyric Theatre and the Hudson Theatre.[23] [24]

List of theaters

Theatre[25] Address Seats [26] - 246 West 44th Street 1,701 - 302 West 45th Street 1,412 - 245 West 52nd Street 1,222 - 230 West 49th Street 1,030 - 218 West 48th Street 931

Former theaters

See also

References

Notes

External links

Notes and References

  1. 6 Oct 1976. 284. 9. 77. . Legitimate: New Management Takes Control Of McKnight Houses. Variety.
  2. News: Zolotow. Sam. 1957-07-30. Playhouse Here Sold by Shuberts; St. James Relinquished Under Terms of Court Decree for Reported $1,750,000 Sig Arno Returning. en-US. The New York Times. 2022-01-08. 0362-4331.
  3. News: Pogrebin. Robin. 2003-06-24. A Theater Is Renamed for Al Hirschfeld. en-US. The New York Times. 2022-01-09. 0362-4331.
  4. News: Zolotow. Sam. 1966-02-17. The Martin Beck Is Sold by Widow; McKnight, Chairman of 3-M, Signs to Pay $1.5-Million. en-US. The New York Times. 2022-01-09. 0362-4331.
  5. News: McKinley. Jesse. 2005-10-17. Virginia Theater Takes a New Name: August Wilson. en-US. The New York Times. 2022-01-09. 0362-4331.
  6. News: 1981-12-19. The Anta Renamed the Virginia. en-US. The New York Times. 2022-01-09. 0362-4331.
  7. News: 1982-03-03. O'Neill Theater Is Sold. en-US. The New York Times. 2022-01-09. 0362-4331.
  8. News: Rothstein. Mervyn. 1989-08-01. New Face and Name For the Ritz Theater. en-US. The New York Times. 2022-01-09. 0362-4331.
  9. News: Blau. Eleanor. 1981-11-19. Ritz Theater to Return as a Broadway House. en-US. The New York Times. 2022-01-09. 0362-4331.
  10. https://www.nytimes.com/1987/06/10/theater/rocco-landesman-named-jujamcyn-theaters-head.html "Rocco Landesman named Jujamcyn Theaters Head"
  11. https://www.nytimes.com/1990/06/03/theater/theater-how-a-high-roller-bets-on-broadway.html?scp=1&sq=how%20a%20high%20roller%20bets%20on%20broadway&st=cse&pagewanted=all "How a High Roller Bets on Broadway"
  12. http://www.mcknight.org/about/news_detail.aspx?itemID=2163&catID=54&typeID=2 McKnight Foundation : About
  13. News: McKinley. Jesse. 2004-11-05. James H. Binger, 88, Leader of Broadway Theater Chain, Dies. en-US. The New York Times. 2022-01-09. 0362-4331.
  14. News: Investor Group Has Local Links . Greg . Paeth . . . 2005-08-22 . A1 . https://web.archive.org/web/20060204215832/http://news.cincypost.com/apps/pbcs.dll/article?AID=%2F20050822%2FSPT05%2F508220351 . 2006-02-04 . dead .
  15. News: Cohen . Patricia . 2009-09-08 . A New Force on Broadway . en-US . The New York Times . 2023-03-05 . 0362-4331.
  16. Web site: Jordan Roth Is Now Principal Owner of Broadway's Jujamcyn Theaters. Jones. Kenneth. 2013-01-22. Playbill. en. 2019-04-02.
  17. Web site: Roth ups his stake in Jujamcyn. Cox. Gordon. 2013-01-21. Variety. en. 2019-04-02.
  18. News: Paybarah. Azi. 2021-07-14. Broadway, Awaiting Crowds' Return, Will Get More Wheelchair Access. en-US. The New York Times. 2021-12-30. 0362-4331.
  19. Web site: July 14, 2021. Broadway's Jujamcyn Theaters To Improve Accessibility In Settlement. December 30, 2021. Deadline.
  20. News: Paulson . Michael . Sisario . Ben . 2021-01-29 . A Broadway Theater Owner Rethinks Post-Pandemic Ticket Selling . en-US . The New York Times . 2023-03-05 . 0362-4331.
  21. Web site: Culwell-Block . Logan . Broadway Theatre Owners Jujamcyn and Ambassador Theatre Group Joining Forces . Playbill . February 14, 2023 . March 5, 2023.
  22. News: Paulson. Michael. 2023-02-14. Broadway and West End Theater Owners Agree to Join Forces. en-US. The New York Times. 2023-03-05. 0362-4331.
  23. Web site: Dilakian . Steven . Jordan Roth Sells Majority Stake in Five Jujamcyn Theaters . The Real Deal . July 20, 2023 . May 13, 2024.
  24. Web site: Ambassador Theater Group, Providence Equity acquire control of Jujamcyn's Broadway theaters in $308.4M deal . PincusCo . July 20, 2023 . May 13, 2024.
  25. Web site: Roth ups his stake in Jujamcyn. Cox. Gordon. 2013-01-21. Variety. en. 2019-04-02.
  26. http://www.playbill.com/index.php Playbill.com
  27. articles.baltimoresun.com/1995-07-28/features/1995209001_1_jujamcyn-theaters-mechanic-1995-1996-season N.Y. producers expected to restore luster as pre-Broadway theater New deal can help Mechanic clean up its act
  28. http://nl.newsbank.com/nl-search/we/Archives?p_product=MN&p_theme=mn&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EFCCE3E173A4956&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM Twin Cities-based show producer Jujamcyn is sold to N.Y. giant SFX
  29. http://articles.chicagotribune.com/1998-09-18/news/9809180148_1_jujamcyn-minetta-lane-off-broadway Royal George Theatre Getting New Owners
  30. https://archive.today/20130704173708/http://www.intix.org/news.php?ArticleID=1647 Weidner Center lays off half its staff
  31. News: Downtown theater season announced. . October 25, 1995.
  32. News: Opera Omaha Plans to Lure More Musicals Organization In Minneapolis Will Be Partner . . February 6, 1995 .
  33. News: SECOND BROADWAY SERIES APPROVED . . July 14, 1994 .
  34. News: Ordway aims to expand its presence . . February 5, 1992 .
  35. News: Jujamcyn says it will end link with Ordway . . December 31, 1994 .

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