Which innovative pricing strategy, first implemented by 'The Lion King' on Broadway in 2011, revolutionized theatrical ticket pricing and has since been adopted by most major productions?

The performing arts industry has evolved significantly in how it prices and sells tickets. From dynamic pricing algorithms to subscription models, theaters and performing arts venues have developed sophisticated strategies to maximize revenue while maintaining accessibility. Test your knowledge about a groundbreaking ticketing innovation that transformed Broadway economics in the last decade.

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Dynamic pricing that adjusts ticket costs based on real-time demand, similar to airline pricing models
The 'pay-what-you-can' model where audience members determine their own ticket price based on personal budget
Blockchain-based ticketing with NFT collectible components for each performance attended
The 'premium plus' model bundling front-row seats with backstage tours and cast meet-and-greets