Jujamcyn Theaters LLC/dʒuːˈdʒæmsɪn/, formerly theJujamcyn Amusement Corporation, is a theatrical producing and theatre-ownership company inNew York City. For many years Jujamcyn was owned byJames H. Binger, former chairman ofHoneywell, and his wife, Virginia McKnight Binger. It was later owned byRocco Landesman and most recently byJordan Roth.
William L. McKnight, former chairman of3M, owned several theatres, two in New York and one in Boston. McKnight's daughter, Virginia McKnight Binger and her husband,James H. Binger, a top executive atHoneywell, shared a love of theatre. In 1976 when William McKnight wanted to sell his theatres, Binger stepped in to assist.[2] He found the business fascinating, and after paying the gift tax and selling theColonial Theatre in Boston, he and Virginia agreed to own and later expand the operation on Broadway.
Jujamcyn derives its name from the names of McKnight's grandchildren, the Bingers' children: Ju[dith], Jam[es], and Cyn[thia]. Over time Binger expanded Jujamcyn to five theatres to create the third-largest theatre-owning company on Broadway. The five Jujamcyn theatres are:
In 1987 Binger brought inRocco Landesman to run Jujamcyn.[11] Landesman was a successful theatrical producer and was friendly with Binger from previous theatrical productions and a shared interest in racehorses.[12] Over the next 17 years, Landesman, Binger and the Jujamcyn organization would produce and house a successful string of Broadway hits. Including box office juggernautThe Producers, which won a record 12Tony Awards in 2001.[13]
Virginia Binger died in 2002, and James Binger died in 2004.[14]
Rocco Landesman, producer and President of Jujamcyn since 1987, announced that he planned to buy Jujamcyn Theatres, telling theNew York Times that he had a long-standing understanding with Binger that he would buy Jujamcyn's five playhouses. The theatres had an estimated net asset value of about $30 million. Landesman closed the deal in February 2005 for $30M, but then tried to sell a 50% stake in the group for $50M to enable investment in theCincinnati Redsbaseball team – his group lost out toRobert Castellini.[15]
In 2009 after 22 years with Jujamcyn, Landesman was tapped by theObama administration to take a position in Washington as chairman of theNational Endowment for the Arts. That year, Landesman sold a half interest in Jujamcyn toJordan Roth, a successful 33-year-old theatrical producer who had joined the company in 2005 as resident producer and vice president. Roth, as president, assumed full control of Jujamcyn as Landesman departed for the NEA.[16] From his first year, Roth began identifying a new era of shows for the company’s theaters with his first hits including,Spring Awakening, with eightTony Awards,Grey Gardens, with three, and his 2009 revival ofHair.[16]
In February 2023, it was announced that Jujamcyn would merge withAmbassador Theatre Group, although it was unclear what the combined company would be called. The agreement would give the combined company seven Broadway theaters, and Jordan Roth was to be appointed as the creative director for the company.[22][23] In July 2023, Jordan Roth sold a 93 percent stake in Jujamcyn's five theaters to ATG andProvidence Equity. In exchange, Roth bought a 7 percent ownership stake in ATG's two other Broadway theaters, theLyric Theatre and theHudson Theatre.[24][25]
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