Shubert Organization, A Broadway Giant, Buys Off-Broadway Theaters

“The Shubert Organization, which owns 17 of Broadway’s 40 theaters, has completed a deal to take over New World Stages … The move creates a significant opportunity for the Shubert Organization to shepherd fading Broadway shows out of their theaters and into New World Stages, where new profits might be reaped because of the lower Off Broadway production costs.”