Two risky $30 million musicals are battling on Broadway — ‘Dolly’ and ‘Paddington’

The Broadway season doesn’t kick off for a few more weeks, when the horror play “Paranormal Activity” starts previews at the August Wilson Theatre.

To call the state of new musicals these days alarming would be an understatement. But we already have a hot early race. Or, well, hot-ish.

Of the four new musicals...