Once upon a time, you needed at least $50,000 to invest in a Broadway show.
Now — at least with “Godspell” — you can be a Broadway producer for just $1,000.
Once upon a time too, Broadway backers were men and women who spent all their lives handling money. They were sophisticated enough to know they could take a tax write-off if their show failed.
Now you can be 13 years old.
Adam Riegler (right) in "The Addams Family." (Photo/Joan Marcus for Broadway.com)
According to today’s New York Times — which described the new investment model of “Godspell” — one of the show’s 700 investors is Adam Riegler. The 13-year-old Westporter played young Shrek in “Shrek the Musical,” and Pugsley in “The Addams Family” on Broadway.
At least he’s following the first rule of finance: Invest only in what you know.