Is anyone working on Dot-Com: The Musical? I ask this only because the rise and fall -- and ultimate revival -- in the topsy-turvy Internet sector can be summed up by naming a few of the recent Broadway hits. Initially, venture capitalists in power suits and techie geeks in denim made for The Odd Couple. Once the market got fed up with the sector's ability to draw eyeballs but not profits, its icy reception was Wicked. Investors? Movin' Out. With seed money drying up and bills piling up, why did so many dot-coms fail? Rent. So why is Wall Street in love with the Internet survivors these days? Because, with apologies to Mel Brooks, they are The Producers.

Hollywood Media (NASDAQ:HOLL) knows all about these popular stage shows. That's because it runs the popular Broadway.com site. Selling Broadway theater tickets online -- and through 1-800-Broadway -- has been huge for the company. It has produced $61 million in Broadway ticketing revenue through the first nine months of the year. With its brand recognition taking flight, the company is now able to sell complete travel packages to augment its Broadway.com services. Its hotel commissions amounted to a mere $400,000 in the third quarter, but it's a revenue stream that is practically pure profit and will continue to grow quickly.

Revenues soared by 52% to $23 million in the third quarter. The company did post a loss of $0.08 a share, but that's considerably less than the $0.17 per share that it lost a year earlier.

The company also relaunched its Hollywood.com movie and television site last month. Ticketing revenue still makes up 84% of the company's top line, but I'm intrigued at what's going on with Hollywood.com. Even though the new version of the site has been open for just a month, the company is already seeing some favorable trends. Traffic is rising. The typical user is going through twice as many pages on the site.

This all adds up to a stickier online destination. That's significant, as the company sells advertising on the site, based on the number of impressions that it generates. It is making between $6 and $7 for every 1,000 pages viewed, and the company sees those rates inching higher, too.

Online content and page views are golden these days. It's why News Corp. (NYSE:NWS) acquired gaming site IGN.com. And it's why companies like iVillage (NASDAQ:IVIL) and recent Rule Breakers newsletter pick CNET Networks (NASDAQ:CNET) have been percolating lately with takeover talk.

With profitability just around the corner -- the company produced positive operating cash flow this past quarter -- Hollywood may soon emerge as the next dot-com star. Just as content-rich companies like Answers.com (NASDAQ:ANSW) and TheKnot.com (NASDAQ:KNOT) have had healthy moves earlier this year, Hollywood Media seems to be a curtain call away from becoming a household word in investing circles.

That's one show, as we all know, that always must go on.

Longtime Fool contributor Rick Munarriz is three pages deep into penning Dot-Com: The Musical. OK, maybe he's kidding. He does not own shares in any of the companies mentioned in this story.The Fool has a disclosure policy. He is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.