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A 2010 Los Angeles Opera production of Wagner’s Ring Cycle cost $31 million to produce.24 Broadway shows don’t usually cost that much, unless you’re talking about the recent Spider-Man debacle. U2’s last concert-tour budget might be in that range, but those were stadium shows attracting huge numbers of people. And in those latter two instances, the people who wrote the music are still alive, and presumably they get paid a piece out of every ticket sold, which is part of what keeps those production costs up. Wagner has been dead for a long time, so one assumes it’s not his agent who is charging the moon and driving up the cost of these Ring productions. (Granted, it is a four-part epic.) The Los Angeles Opera ended up with a $6 million deficit due to “slack demand for expensive tickets.
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