Jeff Lunden

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Transcript

MICHEL MARTIN, HOST:

By now, you may have heard about the new Broadway musical Hamilton. When it opened off-Broadway in February, it earned almost unanimous raves and awards for blending history and hip-hop. Its sold-out run had A-list celebrities and politicians clamoring for tickets. Thursday night, the story of Alexander Hamilton, and the Founding Fathers and Mothers, opened on Broadway.

Broadway is New York's biggest tourist attraction and brought in $1.3 billion in ticket sales last season. But it's also a high-stakes gamble for producers, since only 1 in 4 Broadway shows turns a profit. This month, two of the fall's most highly anticipated musicals, a revival of Side Show and The Last Ship, with songs by Sting, have thrown in the towel — closing, having lost almost their entire investments.

New York is saying goodbye to another historic building. Steinway Hall, the main showroom for Steinway & Sons pianos, will be moving to a new location, leaving its home of almost 90 years on 57th Street near Carnegie Hall. The first floor has been designated a landmark and will be preserved, while the rest of the building will be torn down to build high-rise luxury condominiums.

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