5 Reasons why The Shuberts buying New World Stages is great for Off Broadway.
A rumor hit the street last week that the Shuberts, one of the five families on Broadway and the majority landlord (with 17 of the 40 Broadway houses flying their flag), is in the final stages of inking a deal to buy the phoenix-like Off Broadway multiplex, New World Stages. This will be the third ownership change for New World in just a decade. Â It started out as Dodger Stages, before becoming New World (owned/op…