Ovation Rights, Alicia Keys Partner to Buy Hell's Kitchen Interests
Ovation Rights and Alicia Keys acquire the original Broadway production company's economic interests in Hell's Kitchen, giving investors an immediate capital return.
Ovation Rights has entered a long-term partnership with Alicia Keys to acquire the economic interests previously held by the original Broadway production company of Hell's Kitchen, according to deadline.com. The deal is said to provide the production's investors with an immediate capital return rather than waiting years for future distributions.
Specific dollar amounts of the deal and a timeline for investor payouts were not disclosed. The partnership aims to create a more active secondary market for theatrical investment.
Hell's Kitchen ended its nearly two-year Broadway run on February 22, 2026. The production was expected to return about 60% of its $22 million capitalization to investors.
The musical opened at the Shubert Theatre in April 2024 after a world premiere at The Public Theater. It won two Tony Awards out of 13 nominations, and it is currently on a North American tour. Kristoffer Diaz wrote the book, and Aaron Lustbader served as executive producer.
Ovation Rights was founded by Jamie Hendry and Philip Green.
Quick answers
What did Ovation Rights acquire from Hell's Kitchen's original Broadway production company?
Ovation Rights acquired the economic interests previously held by the original Broadway production company of Hell's Kitchen through a long-term partnership with Alicia Keys.
How does the deal affect Hell's Kitchen investors?
The deal is said to give the production's investors an immediate capital return instead of waiting years for future distributions. Specific dollar amounts and a payout timeline were not disclosed.