City National Bank is the official bank of the 2016 Tony Awards, which are scheduled to be handed out in New York on Sunday, June 12.
“City National continues to be the leading bank to Broadway, providing banking services for more shows than any other bank,” said City National’s Stephanie Dalton. She has been banking Broadway shows for more than two decades, most recently serving as senior vice president and team leader in the bank’s New York-based entertainment banking division.
City National, which opened its first New York office in 2002, currently banks nearly half of all Broadway shows, including “Beautiful: The Carole King Musical,” “Book of Mormon” and “Kinky Boots.”
The Broadway production of “Shuffle Along” was nominated for 10 Tony Awards on May 3, along with these additional shows banked by City National:
- “Blackbird” – Three nominations, including Best Revival, Best Actor and Best Actress
- “Bright Star” – Five nominations, including Best Musical and Best Actress
- “The Crucible” – Four nominations, including Best Revival and Best Actress
- “Eclipsed” – Six nominations, including Best Play, Best Actress and Best Director
- “School of Rock” – Four nominations, including Best Musical and Best Actor
- “Shuffle Along” – Ten nominations, including Best Musical and Best Director
- “Waitress” – Four nominations, including Best Musical and Best Actress
The biggest phenomenon on Broadway this season continues to be “Hamilton,” Dalton said. The rap musical is about the life of founding father Alexander Hamilton.
“It currently has the biggest advance ticket sales of any Broadway show in history,” Dalton said. She added that shows like “Hamilton,” “Wicked” and “Book of Mormon,” all of which have grossed over $1 million a week, are every Broadway producer’s dream. “They become more than just successful on Broadway – they become brands with touring companies, popular sounds tracks, merchandise and long runs.”
Broadway ticket sales continue to break records year after year, Dalton said. “There are more shows than theaters available to perform them in,” she said.
The good news is that the landmark Hudson Theatre is undergoing renovation and is slated to re-open this year as Broadway’s 41st full-time playhouse. A multi-million dollar renovation, undertaken by UK-based Ambassador Theatre Group, aims to restore the 1903-vintage landmark to its former glory. It has been a television studio, event space and rock club over the decades.
No one knows yet which shows will take New York by storm in the upcoming 2016-2017 season, which starts in July. But Dalton said the Broadway community is buzzing about these new developments:
- Bette Midler has signed on to play Dolly Gallagher Levi in a Broadway revival of the blockbuster 1964 musical, “Hello, Dolly!” Four-time Tony Award winner Jerry Zaks will direct and Tony winner Warren Carlyle will choreograph the production, scheduled to open next April. The title role is considered one of the greatest leading lady roles in musical theater. The original production won a then-record 10 Tony Awards, including Best Musical.
- “Paramour,” a unique production from Cirque de Soleil’s new theatrical division, opens May 25 at the Lyric Theater. The $25 million production is the first Cirque show to feature a script with dialogue and actors as well as the troupe’s iconic acrobats, contortionists and trapeze artists.
Along with Dalton, City National’s Broadway banking team includes Erik Piecuch, senior vice president; Michele Gibbons, vice president; and Anne McSweeney, vice president. City National’s services range from cash management to foreign exchange and letters of credit. The bank also provides wealth management services and is known for personal service.
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