Wednesday, September 17, 2008

Theater Investment and this Crazy Economy

Check out this article (audio available) from NPR describing the ability to raise funds for shows in this challenging economy.

Here's the start...

September is the traditional start of the new Broadway season, and with high fuel prices, a weakish dollar and a general economic downturn, you might expect people in the industry to be skittish about future prospects.

What, them worry?

There is some bad news: A revival of Godspell, starring American Idol finalist Diana DiGarmo, was supposed to begin performances this month, but a major investor withdrew financing, and the production has been postponed indefinitely.

The producer blamed the slowing economy — but within a day of the cancellation, the theater had another booking: a revival of David Mamet's Speed- the-Plow. (go to their website to read or hear the rest)...

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