'Hamilton' movie rights up for bidding

Posted on JUL 24, 2019

The rights are for a high-quality recording of the live stage play that has already been produced.

The hit Broadway musicalHamilton may be in movie theaters as early as 2020, according to Movie Web.

However, the film produced will not be an adaptation. Instead, the rights are for a high-quality recording of the live stage play that has already been produced and features the original cast and set, as well as an intermission. The recording is from 2016 and has been screened already for potential buyers, which include Warner Bros., Twentieth Century Fox, and Netflix. Warner Bros. recently bought the rights toHamilton creator's musicalIn the Heightsas well.
The play's worldwide film rights area available for bidding beginning at around $50 million. While the purchase price is high for a film, investors will likely still be interested in the movie, as the play's popularity is expected to generate significant interest from fans who have been unable to pay more than $100 per ticket but who would likely see the film and purchase DVDs.

Hamilton,which features a heavy dose of historical rap, chronicles the life of Alexander Hamilton and was a surprise smash hit when it premiered. The production is making an estimated $100 million per year thanks to box office and soundtrack sales combined.Hamilton is the winner of 11 Tony Awards, a Grammy, and the Pulitzer Prize for Drama. It is currently on tour in the U.S. and can also be seen in New York, Chicago, and London.

Certain plays, includingJesus Christ Superstar, have played in theaters or on television as one-time events, making a theatrical release of a Broadway play's live recording an unprecedented event.