How Students Can Be Entrepreneurial In Their Job Search | 08/01/2014
Students can no longer sit around and hope that a job opportunity is going to come their way. In order to explore how students were building their career in college, my company worked with InternMatch on a new report called ”College Career Center Study“. We surveyed over 4,000 students from hundreds of colleges nationwide and found that almost 50% of students aren’t using their career centers and 64% turn to online resources instead. While almost all students (94%) think that their career service centers are necessary at colleges, almost half aren’t using their career centers and 61% say they are either never or rarely effective in helping them land a job. The purpose of career centers is to help students prepare for the real world and support their internship and job searches, but they are falling short due to few resources, not leveraging social media and lacking the staff to scale. The average ratio of students to career service professionals is 1,889 to 1 (NACE) and we found that almost a third of students in our study say that centers don’t have enough staff to support students.
In today’s economy, there’s even more pressure on schools, and their career centers, to deliver for students as both parents and students question the return on investment in higher education. Over 50% of recent grads are either unemployed or underemployed (The Atlantic), with an average student loan debt of $29,400 (CNN Money). As a result of students not getting enough support from their career centers, 64% of students are relying more on free or paid online career resources instead.
I spoke to Nathan Parcells, the Founder and CMO of InternMatch to get his insights on how students can be entrepreneurial in their job search. Nathan loves helping students hone their career goals and helping employers learn how to build exceptional (paid) intern programs. Below are some advanced tips and tricks Nathan has provided to help you get ready for the job market and compete for top internships and jobs.
1. Use online courses to develop hard-skills you can talk about in your interview.
Gone are the days when employers expect new grads to stay at the same job for years at a time. With Gen-Y known for not staying at job for more than one or two years, many employers have become reluctant to invest in training programs. Instead they want to hire students who are already comfortable with a variety of professional software.
So how do you get experience before getting in the office? A wealth of new online sites like Udemy, General Assembly and more offer in-depth online courses that students can take for free. These cover how to use tools like Microsoft Excel, Salesforce, Hootsuite and more. Being able to say that you are well versed in such programs in your cover letter and in interviews will give you a big edge over your peers.
2. Work on side projects with friends and classmates.
Employers want to hire students who are passionate about their field. While taking challenging courses at school, or even doing internships, is viewed as a positive, few things demonstrate your passion more than having used your free time to work on side projects outside. This includes activities like starting your own blog and marketing it online. Selling funny t-shirts. Building a mobile app to find the best happy hours on campus. Etc. All of these projects will force you to dive deeper into your professional field, give you experience at working on a team (if it is a collaborative project), and will demonstrate that you are a self-motivated, and experienced individual.
3. Build an Online Profile
You are going to need a fantastic resume to apply to 99% of the jobs you see online. That said, more and more students are building online profiles to complement their resume and for good reason. An online profile you can link directly your blog, portfolio or other relevant online sites that help paint a more complete picture of why you are a strong candidate. In addition, over 80% of employers will Google search you during the application process. If you have a strong online profile, this will rank highly for your name in Google and will help reinforce your professionalism to employers who search for you.
Some good sites that can help you setup an online profile include About.me, InternMatch, Github (for engineers), and more.
4. Always be improving
Preparing for your job search should be viewed as a marathon not a sprint. After you write the first draft of your resume, share it out, request feedback and improve it. While you are job searching you should be taking online classes, talking to more people in your field of interest and implementing all of the new skills and advice you develop into your resume, cover letter and interviews. You should never view your resume or online profile as ‘complete’ it should always be a work in progress that you are constantly adding to and improving.
5. Stay calm and have fun.
The last piece of job search advice we always recommend is to enjoy yourself. Searching for a job or internship is challenging and stressful. But you are going to meet a lot of people along the way who are going to support you and teach you new skills and you are going to learn a lot about yourself. So while the end destination is employment, don’t forget to stop and pat yourself on the back for all the growing and self-improvement you do along the way.
Dan Schawbel is a workplace speaker and the New York Times best-selling author of Promote Yourself. Subscribe to his free monthly newsletter for more career tips.
Snapchat Faces New 'Minimalist' Rival From The People That Gave Us Yo | 07/28/2014
The founding team behind the notoriously simple — and oddly popular — Yo app are hoping to create another viral hit, this time by taking on Snapchat.
Mirage is a new ephemeral messaging service that incorporates its founders’ new obsession with simplicity. Its split-screen interface makes it possible to send someone a self-destructing photo or video with just one tap, instead of the four (or five with scrolling) taps it takes to send a Snapchat image. “That’s three taps you could be sending with your children,” says Or Arbel, the creator of Yo who has seen Stephen Colbert’s parody of his app’s modus operandi.
To take and send a photo with Mirage, users simply press a contact’s photo in the bottom half of the screen, while the top half of shows the live camera image. The user interface is similar to TapTalk, another Snapchat rival that Facebook has reportedly being eyeing.
But Mirage’s founding team say they’re not fussed about moving into what is fast becoming a crowded market, and say there’s room to grow outside the U.S. “Snapchat is a successful app but most people outside of U.S. don’t have Snapchat,” says Ido Sadeh, chief operating officer at Mirage’s parent company, Mobli. “[Mirage] is inspired in its simplicity by Yo, in the sense we wanted to create a visual messaging tool that is simple to use, minimalist and does not cause any friction to the user.”
Mirage’s selling point, says Sadeh, is that you can also send photos directly to cell phone numbers as SMS messages.
Mobli started life in 2010 as an Instagram clone that has since received $86 million in funding from celebrities including Leonardo DiCaprio and Mexican telecom billionaire Carlos Slim Helu. It’s gone on to invest in and create other mobile products, including Yo earlier this year.
Yo was the offhand, 8-hour creation of Mobli’s lead iOS developer, Arbel, and has raised $1.5 million from investors that include Betaworks and Mashable founder Pete Cashmore. Mobli’s founding team is also preparing to launch a market-trading website and have invested in StoreDot, a startup that makes batteries that allegedly charge in 30 seconds.
“There is no dull moment in the group in terms of what we do and in the ideas we constantly discuss,” says Sadeh. “We didn’t think Yo would blow up this quickly, but we knew it would succeed because internally, everyone started using it and giving it to their friends. The same thing happened here with Mirage.”
The difference between Yo and Mirage of course, is that nobody had anything like Yo before and Mirage is a far more familiar beast. Facebook also infused its Snapchat competitor, Slingshot, with the mechanics that should have made it go viral — but that app hasn’t yet. It’s clearly a tough space to be in.
Garth Brooks Tickets Averaging 222.7% Above Face Price On Secondary Market For Allstate Arena Concerts | 07/28/2014
When Garth Brooks announced Chicago would be the opening city for his return to touring, ticket prices on the secondary market soared for the first scheduled show. Just before Garth Brooks tickets went on sale for the September 4 concert at the Allstate Arena on Friday, additional shows at the venue were announced. Shows continued to be announced about every half hour until 10 concerts were scheduled on seven dates from September 4 to 14 with two shows scheduled on September 6, 12 and 13.
After the initial announcement of the first date, the average price for that show on the secondary market easily eclipsed $600. It’s not surprising the average price for the first concert has fallen significantly with the addition of nine other concerts. The average price for the 10 show run at the Allstate Arena is currently $211.34 with September 4 still having the highest average price at $303.11.
Over 180,000 tickets were sold within the first three hours after going on sale for the Chicago shows, though some of that can be attributed to the inexpensive list price of $65.50, with fees included, for all tickets in the venue. The low primary price has helped lead to higher prices on the secondary market as the average listed secondary ticket is 222.7% above the primary price. Even the concert with the lowest average price, the second show on September 12 at $149.12, is still 127.7% above the primary price.
Even with the inflated prices on the secondary market, the consecutive string of concerts could be keeping those prices contained compared to what they could be if the dates were spread out. The 10 Chicago dates are three more total concerts than Billy Joel has played to date for his Madison Square Garden residency, though Billy Joel tickets have been significantly more expensive on the secondary market. Joel has played at The Garden once a month since January with an average secondary market price of $575.68 for the past seven concerts.
In January, Billy Joel tickets at MSG had an average price of $286.81 and increased in price every month until May. For the five upcoming concerts from August to December, Billy Joel tickets have an average price on the secondary market of $519.67.
It’s possible Garth Brooks tickets could have a similar price increase on the secondary market after the first shows are played. The average price for the last two concerts on the run are the third and fourth most expensive of the 10 shows on the secondary market. Any added premium for the end of the run would likely make those shows the most expensive. A continued price increase would also not be surprising considering Brooks’ history at the venue. He held four straight sold out shows there in 1993 and eight in 1997 when the arena was known as the Rosemont Horizon.
For more Garth Brooks tour announcements, visit the TiqIQ Blog.
Is Big Philanthropy A Western 'Tyranny Of Experts' - Or Measure Of Imperfect Democracy? | 07/28/2014
Years ago, quite early in my development career (which itself is a second career to journalism), I was sitting comfortably in the board room of a white shoe law firm with panoramic views of midtown Manhattan. The occasion was the board meeting of nonprofit organization engaged in international development, specifically assisting the poor in one small and very poor nation ruled by a corrupt hierarchical regime. The question was fundraising and how to get donors interested in helping this population when it was obvious the political situation had no real likelihood of change.
Then an idea: “adopt-a-hut,” a program that would allow donors to literally adopt a village family and assist with the living expenses of people who lived on less than $2 a day, all with the help on the nonprofit.
This was before crowdsourcing, before the “sharing economy,” before Kiva and DonorsChoose, during a time when microfinance wasn’t focused on donors and direct project sponsorship. Of course it was impossible. The mechanism wasn’t feasible. The real needs might not be met. Oh, and there weren’t really any “huts” in this particular neighborhood anyway.
It was a well-meaning western solution cooked up by a semi-paternalistic bunch of do-gooders in a New York board room that probably would have caused more problems than it solved.
I thought of that episode as I ploughed through William Easterly’s polemic on know-it-all top-down western development, the readable and fascinating The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor.
Easterly, an erudite and much-discussed author and professor at NYU and former World Banker, has been criticized for the reliance in the book’s frame on the ideas of Nobel Prize winning economist Friedrich Hayek, a complicated thinker whose works have become of a favorite of the new-look laissez-faire libertarians who (shockingly) don’t really understand his thinking. (Some would be surprised to discover that Hayek favored a guaranteed government income – but never mind). Not surprisingly, that libertarian frame tends to alienate those who work in development with its inherent communitarian values, its reform mindset, its thousands of professionals who are responding to a calling to help other people in this world.
But it should not disqualify Easterly’s readable broadside. Indeed, there are many entertaining background sections in Easterly’s book (look, there’s Sun Yat-sen!), but in my view, they pad the page count and distract from his core message – which is that the big institutions of international development suffer from intellectual corruption.
And guess what – they do. But that’s not the end of the story, and the beginning of that conversation – that critique really, because Easterly is at core a critic, not a social planner, and an important one at that. He sets up a too-sharp contrast between collective action and the rights of individual people, and in my experience, the choice is hardly that stark. Yet there’s one bright thread that courses through the pages that rings absolutely true to my somewhat jaded ear; here’s one version:
“We must not let caring about the material suffering of the poor change the subject from caring about the rights of the poor.”
He’s right, of course. Anyone fixing to reform the realm of international aid flowing from U.S. philanthropies and public coffers would do well to begin by reading Tyranny. He backs it up with horrifying stories from Ethiopia and Colombia and other places. It’s quite frankly a brilliant diagnosis. But there’s no real course of treatment in the book. You can employ the absence test that I often use in writing the case for support for an established charity: what if it didn’t exist, what if it failed and went out of business? Take away international aid and millions (more) are dead from HIV/AIDS and other communicable diseases – and perhaps more societies are unstable, living on fewer resources, less capable of survival.
Yet Easterly’s viewpoint would be recognizable to Herman Melville, author of Typee and Omoo, his stories of the unspoiled (and dirt poor) South Seas communities that changed for the worse the moment a western sail appeared on the horizon. It would certainly be recognizable to Charles Dickens, a do-gooder himself who nonetheless gently mocked the rise of the well-intentioned but autocratic philanthropic class in England. His opening fictional story about a town in Ohio overrun by hard-line development troops could be off the pen of Cormac McCarthy or Jim Kunstler. And his viewpoint would be recognizable to every nonprofit leader I’ve worked with.
“The implicit vision in development today is that of well-intentioned autocrats advised by technical experts,” writes Easterly, identifying what he terms “authoritarian development.”
Although Easterly is after western international aid – both public and private – I’m sure many domestic social entrepreneurs, nonprofit executives, and development directors will recognize the truth in that term. I’ve sat in many board meetings over the past two decades, and heard many newish board members – vastly successful in high finance or business – demand that the measurements and planning techniques for their industries be employed by the organization, even when they would clearly destroy the social capital that keeps the organization running. Sometimes a soup kitchen is just a soup kitchen. Sometimes a clinic doesn’t “scale.” And I’ve seen the growth in “accountability” and “impact” demanded by the staffed foundations start to overwhelm nonprofit social servants who didn’t get into the business to please a pack of technocrats.
Those packs – his villains – are the World Bank, and the Gates Foundation, and USAID, and the big philanthropies – and yes, they are often autocratic. I’ve been wondering about the lack of democracy in big-time philanthropy for more than a decade. But I’m still not sure how to change it, and I still help charities and social entrepreneurs pursue funding within these hugely disproportionate relationships.
I guess I’m finicky about the ideological underpinnings of Tyranny, its reliance on free market thinking. Like Benjamin Franklin, I think the marketplace must always be grounded in communitarian values. Still, I found a valuable if somewhat iconoclastic read and would recommend it to anyone in the social sector.
Looking around at the headlines this week, you’d tend to discount a section called “Grounds for Hope” – but after his epic takedown, Easterly offers some. He notes (correctly, and despite the horrifying news) that “both political and economic freedom are much more widespread today than they were at the beginning of official development, or even than they were two decades ago.”
I’d add to that what I observe in this next generation of western change-makers, social sector workers, and do-gooders: they’re a lot less arrogant than my generation, a lot more likely to “check their privilege” (to use the term of the day), and a lot more likely to both see and appreciate culture and language and society than is formed differently than their own. And perhaps, there’s less tyranny in the mix with their expertise and energy.
Hormone Therapy At Menopause Fails To Halt Heart Disease Progression | 07/28/2014
More than a decade ago the Women’s Health Study produced surprising and important results when it showed that broad use of hormone replacement therapy did not reduce cardiovascular risk in post-menopausal women. But the study also led to speculation that hormone therapy might be beneficial when delivered closer to the time of menopause. Now a study published in Annals of Internal Medicine shows that menopausal hormone therapy (MHT) may have some favorable effects on some cardiovascular risk factors but it does not reduce the progression of atherosclerosis.
In the study, called KEEPS (Kronos Early Estrogen Prevention Study), 727 menopausal women were randomized to placebo or one of two forms of low dose hormone therapy (oral conjugated equine estrogens or transdermal 17β- estradiol). After 4 years there was no difference between the groups in the primary endpoint of the study, which was the progression of atherosclerosis as measured by carotid artery intima–media thickness (CIMT). There was also no difference in the coronary artery calcium scores. Women in the equine estrogen group had improvements in their lipid profiles (decrease in LDL and increase in HDL) while women in the transdermal group had improved insulin sensitivity. There was no difference in the incidence of serious adverse events.
The investigators offered several explanations for the findings, including a study population at low risk for athersosclerosis, a relatively short study duration, and the use of low dose but not high dose estrogen. “To the extent that these imaging methods predict CVD events, our findings suggest that MHT neither is a risk nor is protective in the population studied,” they wrote. The study was not powered to look at clinical events.
Andrew Kaunitz, a specialist in women’s health and menopause at the University of Florida, said that although it still remains unclear what the long term effects of hormone therapy will be on cardiovascular events, the study “does not support using hormone therapy to prevent CVD events.”
Shares Of Herbalife Fall After Rare Earnings Miss | 07/28/2014
Last week, hedge fund billionaire William Ackman did not meet the high expectations he set for investors. This week, it’s Herbalife’s turn to disappoint.
For 21 straight quarters, Herbalife had beaten Wall Street’s expectations, delivering earnings that exceeded consensus estimates. But on Monday, amid rising tensions between the company and Ackman, its chief rival, Herbalife reported earnings that missed expectations.
Herbalife reported adjusted earnings per share in the second quarter of $1.55 on net sales of $1.31 billion. Analysts had expected Herbalife would report second-quarter earnings of $1.56 a share on revenue of $1.36 billion.
Hedge fund billionaire William Ackman has been calling Herbalife a pyramid scheme since December 2012 and his Pershing Square hedge fund is shorting the company’s shares in a big way. After soaring in 2013, Herbalife’s stock weakened this year amid the disclosure of federal government investigations into the company and Ackman’s relentless attacks. But shares of the company had strengthened as of late, particularly after Ackman delivered a presentation slamming Herbalife last week that did not appear to meet the high expectations Ackman himself had set for investors—the presentation was billed as a death blow to the company.
Herbalife is doing everything it can to keep its stock price strong. Earlier this year, the company suspended its dividend to add firepower to its share repurchase program. Last week Ackman suggested that the company was out repurchasing shares on the day he gave his presentation focusing on Herbalife’s nutritional clubs to distract attention away from Ackman’s allegations. Herbalife said on Monday that it repurchased $581 million of stock in the second quarter alone.
But delivering on the earning front has been strategically vital for Herbalife in its battle against Ackman and the short sellers. Shares of Herbalife, which closed on Monday at $67.48, were hit hard in after-hours trading, falling by as much as 10%.
The Blossoming Relationship Between Marketing and Engagement in the New Customer Journey | 07/28/2014
It’s clear to those of us who live at the intersection of technology and customer relationships that customers have radically changed the way they interact with brands. Traditional CRM tools are no longer sufficient because it’s not about managing customer relationships anymore—it’s about creating and optimizing engagement across a vast range of digital touchpoints.
For marketers, the upsides of the new customer journey are huge, but so are the challenges. Like it or not, brands and marketing teams need to rethink everything and begin utilizing resources that are better at facilitating and strengthening connections across a constantly growing list of engagement opportunities.
If you think you’re in control of your customer relationship, you’re wrong. Today, digitally empowered customers are firmly in charge, bouncing from channel to channel at the drop of a hat. Web, mobile, in-store—it’s all the same to your customers and they want the ability to engage, self-serve and buy with or without the assistance of an actual human being.
Even more, customers expect every interaction with your brand to put their convenience front and center. As a result, the customer experience doesn’t happen in a single channel or along a predictable trajectory, but at seemingly random points along all of your brands channels, interactions and communications.
This means that the boundary between marketing and customer experience is becoming increasingly blurred. The benefit is that brands now have the opportunity to deliver significantly richer experiences much earlier in the customer journey. But it also raises several important questions about how brands and marketers will operate in the current customer landscape:
- What role will marketers play in the creation of customer experiences?
- Will marketers have access to data insights that enable them to create more engaging experiences for customers?
- What else can brands and marketers do to better meet the expectations of today’s customers?
Bringing Marketing and Customer Engagement Together
Exceptional customer engagement is your brand’s most important asset. With the relationship between marketing and customer engagement entering a new phase, there are several things brands must do to smooth the transition.
1. Deliver Consistency and Context.
It’s common sense that the customer experience needs to be consistent from one digital channel to the next. But increasingly, brands and marketers need to focus on making sure that the experience is consistent across all digital and physical touchpoints. For example, when a customer visits your store, he/she should be able to find the same products, and be eligible for the same promotions than when he/she browsed on her smartphone and created a mobile wishlist or cart. And when she calls customer service, they should have visibility to items she has browsed, liked, purchased or returned. To keep customers satisfied and engaged, you need a single view of your customers and your customers need consistent promotions, policies and interactions across every interaction.
At the same time, customers want contextual engagement from your brand—they don’t expect or want the exact same experience across mobile, online, in-store and other touchpoints. Contextual engagement optimizes the customer experience for specific touchpoints, without sacrificing consistency or convenience. This means knowing the device, time-of-day, and paying attention to when and how a customer engages with marketing and experiences.
2. Create A Buddy System between CMOs and CIOs
Interactions between CMOs and CIOs used to be limited, at best. The CMO handled the marketing activities, while the CIO managed the technology behind the organization’s data collection, governance and infrastructure.
Now, the changing relationship between marketing and customer engagement is personified in a closer working relationship between the CMO and the CIO. Why? Because it has to be. Marketing needs to constantly collaborate with the CIO and IT to rapidly capture insights that can be used to better engage customers—when, where and how they want to be engaged. Much has been made of the CMO becoming the key driver behind many technology purchases in the future. And while that may be to some degree true, the CIO has to ensure that the fundamental business objectives can be met – of an integrated data foundation to deliver on that and consistent view of customers, products, and orders required for the business to be truly omni-channel.
3. Empower Marketing to Execute on Customer Experience Expectations
Marketing today needs to be equipped with tools and resources that enable the creation of relevant, engaging customer experiences in order to successfully execute differentiated and relevant customer experiences. That includes solutions to manage and drive content, curate relevant experiences for customers, and drive business objectives through merchandising, promotion, and pricing strategies that execute across channels.
When marketers are given the right tools and insights, they can move beyond managing antiquated marketing processes to developing a singular view of customers and linear customer journeys that are not in sync across channels. This enables marketing to improve personal interactions with customers, creating experiences that are consistent whether the customer clicks on a banner ad, visits the company website or walks into a brick-and-mortar store location.
The changing relationship between marketing and engagement represents a permanent shift in the way brands relate to their customers. The best marketers will succeed by using advanced marketing solutions to develop a continuous cycle of listening to and engaging customers, while those who choose to neglect new technologies will fall behind.
Oracle Now #19 Largest Company, Surpassing Coca-Cola | 07/28/2014
In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Oracle Corp. (NYSE: ORCL) has taken over the #19 spot from Coca-Cola Co (NYSE: KO), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating »
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company’s stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true “apples-to-apples” comparison of the value of two stocks. In the case of Oracle Corp. (NYSE: ORCL), the market cap is now $180.65 billion, versus Coca-Cola Co (NYSE: KO) at $178.80 billion.
Click here to find out The 20 Largest U.S. Companies By Market Capitalization »
Below is a chart of Oracle Corp. versus Coca-Cola Co plotting their respective size rank within the S&P 500 over time (ORCL plotted in blue; KO plotted in green):
Below is a three month price history chart comparing the stock performance of ORCL vs. KO:
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV’s). This can have a direct impact on which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and “tosses out” the biggest 100 companies so as to focus solely on the 400 smaller “up-and-comers” (which in the right environment can outperform their larger rivals). So a company’s market cap, especially in relation to other companies, carries great importance, and for this reason we at The Online Investor find value to putting together these rankings daily.
Special Offer: Try OLI Premium and get reports on Splits, Buybacks, and M&A daily
According to the ETF Finder at ETFChannel.com, ORCL and KO collectively make up 1894.86% of the WisdomTree Total Dividend Fund ETF (DTD) which is higher by about 0.2% on the day Monday.
See what other ETFs contain both ORCL and KO »
At the closing bell, ORCL is up about 0.6%, while KO is down about 0.8% on the day Monday.
Newsies, Rocky Tickets Impacted Differently On Secondary Market For Final Weeks On Broadway | 07/28/2014
It’s been a tale of two cities for Broadway’s popular adaptation of Newsies and box office blunder Rocky, both of which will close their doors at the end of August. Disney’s Newsies has garnered much acclaim since its inception on Broadway in 2012 and is slated to start an 11-month national tour after the Broadway run ends. While the demand for Newsies tickets continues to dominate the secondary market in its final stretch of Broadway shows, the much-anticipated Rocky will also close its doors, but after minimal critical success since opening earlier this year. With both productions ending their New York City runs at the end of August, the secondary market price average is considerably higher for remaining Newsies shows than final Rocky performances.
Disney’s stage adaptation of its popular 1992 musical drama film has called New York’s Nederlander Theater its home since June of 2012. For the past two years, Newsies has found tremendous success at the box office and has earned eight Tony Award nominations, winning Best Choreography and Best Original Score in its opening year. The production will put on its last Broadway show Sunday, August 24. The average secondary price for Newsies tickets during its final run of Broadway shows is currently $284.95. Five of the remaining performances currently have an average price above $300 on the secondary market, two of which are this upcoming weekend.
The final Saturday performance of the show on August 23 has an average price of $313.49, 10% above the current average. Since January 1, the average price for Newsies tickets on the secondary market has been $267.95, marking a 6.3% premium for the last month of dates. The current average brings the price around that of Broadway’s elite, such as Wicked tickets, which have an average secondary market price of $284.01. Though even in the closing weeks, Newsies does not come close to the $316.49 average price for The Book of Mormon tickets.
While Newsies has experienced much success over the last two years, the stage adaptation of 1976’s film Rocky has struggled mightily this year and will end its Broadway run on August 17. Since opening at the Winter Garden Theatre five months ago, Rocky has failed to consistently fill the theater after receiving mixed reviews. For the final run of shows, Rocky: The Musical tickets on the secondary market are averaging just $207.89, 8.2% below the average since the show debuted in February. The most expensive Rocky tickets on the secondary market are currently for the final Saturday, August 16. The average price for the Saturday afternoon show is currently $259.38, 24.8% above the remaining average.
With Newsies reigning supreme on Broadway as it makes its final performances over the next several weeks, the unimpressive statistics surrounding Rocky has added the musical to Broadway’s long list of theatrical failures, which includes 2011’s Spider-Man: Turn Off the Dark and 2014’s Holler If Ya Hear Me, a musical that gives life to late rapper Tupac Shakur’s lyrics, which closed its doors last week after just one month and 55 performances. As Rocky will hang up its gloves for good after closing the Broadway production, Newsies will begin its national tour on October 11 when the show performs a week-long residency at Proctors Theatre in Schenectady, NY. The tour will hit 25 different theaters including Philadelphia’s Academy of Music, Chicago’s Oriental Theatre, Los Angeles’ Hollywood Pantages and the Ed Mirvish Theatre in Toronto.
Video: Girls Killed Over 'Blasphemous' Post | 07/28/2014
Riots broke out in Pakistan over a ‘blasphemous’ Facebook post by a member of the Ahmadi religious minority. Two girls and their grandmother died in the resulting fires. Meanwhile, thousands rallied in the streets of Manila while President Aquino delivered his State of the Nation address.