WHILE most of Manhattan is being rattled by the recession, there's a little patch of West 48th Street that's still enjoying boom times.Granted, we'll likely never see a play poking fun at Obama. Besides, it's a daily tragicomedy unfolding before our eyes.
The Cort Theatre has become a virtual gold mine, with Will Ferrell's "You're Welcome America. A Final Night With George Bush" playing to packed houses night after night.
Ferrell wraps up his six-week run Sunday, and backers of the show say they expect a profit of at least $1 million on their $2 million investment.
Had Ferrell extended for two weeks - something investors rubbed their knees raw on the floor praying for - the show would have raked in another $1 million, one backer says.
"Those last two weeks would have been pure gravy," the source says.
As star and co-creator, Ferrell is said to be pulling down more than $75,000 a week, making him the highest-paid actor on Broadway this season.
I don't know too many actors who'd pass up an easy $150,000 to $200,000 for a two-week extension, but as a person close to Ferrell says, "The money doesn't matter. He gets $20 million a movie. Besides, he's proved his point. He's a box-office star on Broadway, and he can come back whenever he wants."
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