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May 2
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Entertainment News May 2

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BROADWAY CONTRIBUTES $5.1 BILLION TO LOCAL ECONOMY

The 2006-07 Broadway season contributed $5.1 billion to the Gotham economy, according to the Broadway League's biennial report on the Rialto's overall economic impact.

Figure is up slightly from the org's 2006 study, which pegged the cumulative fiscal effects of the 2004-05 season at $5.09 billion.

Tally reps sums paid out by producers and theater owners as well as ancillary spending -- hotel, restaurant and transportation costs, for instance -- by visitors who reported seeing a Broadway show as their primary reason for visiting New York. Total also figures in the indirect after-effects of this spending as it circulates through the economy.

Unsurprising to any legiter who has heard producers bemoan skyrocketing costs, show expenditures (including labor, advertising and theater rent) rose from $794 million in the 2004-05 season to $905 million (a figure that shoots up to $1.98 billion when indirect spending is incorporated).

However, direct visitor spending was actually down, slipping to $2.13 billion from $2.22 billion in the 2004-05 season. (Indirect ripple effects add $963 million to the most recent tally.)
DAILY BOX OFFICE RESULTS

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Read reviews of the top 2 films at the box office this weekend

Iron Man Directed by Jon Favreau Starring Robert Downey Jr. Gwyneth Paltrow	Baby Moma Directed by Michael McCullers Starring Tina Fey Amy Poehler

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IRON MAN JUMPS SUMMER MOVIE SEASON

Paramount and Marvel Studios' "Iron Man" is looking like an ironclad winner as summer gets under way at the worldwide box office.

The tentpole, toplining Robert Downey Jr. as Marvel comicbook superhero Tony Stark, got an early start on the weekend by opening in 4,105 theaters Thursday night at 8 p.m. On the foreign front, "Iron Man" will dominate as it moves into virtually every major territory.

Par has a good shot at shooting past the $62 million opening for Universal and Marvel's "Hulk" in June 2003. That would provide a much-needed jolt for the domestic film biz and rep the second-best opening for a nonsequel after "Spider-Man," which opened to $114.8 million on the same weekend in 2002.

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An ode to advanced weaponry and the birth of an unlikely superhero, "Iron Man" is tracking like gangbusters with men and boys and has picked up strength among older women in recent days. Younger women is the only demo that isn't tracking quite so well.

That's good news for Sony's broad romantic comedy "Made of Honor," which opens in 2,729 runs. Film starring Patrick Dempsey and Michelle Monaghan is showing strength among both younger and older females.

Whether "Made of Honor" has enough of a last-minute bump in tracking to give it a shot at bowing bigger than "Forgetting Sarah Marshall" ($17.7 million) did two weeks ago and "Baby Mama" ($17.4 million) last weekend remains to be seen.

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