Threaded Order Chronological Order
| Hoping for a Theater Bailout? Better Head to London. | |
| Posted by: MockingbirdGirl 04:19 pm EDT 07/07/20 | |
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| Some analysis from Jesse Green about the American state of affairs: | |
| Link | Hoping for a Theater Bailout? Better Head to London. |
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| Not really. Producer of Hamilton seems to be doing OK with U.S. government funds | |
| Posted by: aleck 06:21 pm EDT 07/07/20 | |
| In reply to: Hoping for a Theater Bailout? Better Head to London. - MockingbirdGirl 04:19 pm EDT 07/07/20 | |
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| The government here seems to be handing out money to Hamilton folks. | |
| Link | And the PPP goes to . . . |
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| re: Not really. Producer of Hamilton seems to be doing OK with U.S. government funds | |
| Posted by: sirpupnyc 08:14 pm EDT 07/07/20 | |
| In reply to: Not really. Producer of Hamilton seems to be doing OK with U.S. government funds - aleck 06:21 pm EDT 07/07/20 | |
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| So? It's not as if it's going to Seller himself. Behind every show, successful and not, is a raft of small companies whose income dropped to zero overnight. Should Seller be going into his own pocket to keep all of them afloat, just because he's making money off a hit show and maybe he could? And aside from the fact that some money is better than no money, the PPP loans are a mixed blessing. The money's gone and there's still six months or more of no work and no income ahead. |
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| But the Green article implies that U.S. theatres and production companies are getting nothing | |
| Posted by: aleck 08:39 pm EDT 07/07/20 | |
| In reply to: re: Not really. Producer of Hamilton seems to be doing OK with U.S. government funds - sirpupnyc 08:14 pm EDT 07/07/20 | |
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| Not true as seen in the report linked in the previous post Green doesn't mention if Andrew Lloyd Weber's production company Really Useful Group has been getting some type of UK government support, but if the UK government is doing that I would put that on about the same level as the Seller operation getting funds from this US program. No?. Moreover, what US production companies didn't get PPP while Seller's did? |
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| No, it doesn’t “imply” that at all | |
| Last Edit: MockingbirdGirl 12:43 am EDT 07/08/20 | |
| Posted by: MockingbirdGirl 12:39 am EDT 07/08/20 | |
| In reply to: But the Green article implies that U.S. theatres and production companies are getting nothing - aleck 08:39 pm EDT 07/07/20 | |
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| Reading is fundamental: “Despite loans to arts organizations from the federal Paycheck Protection Program — amounting to less than 1 percent of the giveaway, according to one analysis — many will surely be squeezed out.” And the thrust of the article is what to do moving forward beyond PPP, since those loans were a stopgap measure only intended to prevent short-term layoffs. The very next sentence is: “Yet the theater industry seems frozen in doubt about how to proceed...” |
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| re: But the Green article implies that U.S. theatres and production companies are getting nothing | |
| Posted by: sirpupnyc 11:03 pm EDT 07/07/20 | |
| In reply to: But the Green article implies that U.S. theatres and production companies are getting nothing - aleck 08:39 pm EDT 07/07/20 | |
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| Well, the linked post's argument is basically "Waaaaaa, producers personally have made money in the past, why are their businesses getting loans?" and points to accumulated grosses as if they're a pile of cash the show is sitting on. I.e., it's not based in even a basic understanding of the business. It's like pointing at the non-profits' endowments like they're ready money to be spent as needed. Seller may have gotten rich off Hamilton; Adventureland probably hasn't. Adventureland has a dozen or two dozen people doing back-office work on Seller's productions. It's separate from both Seller's personal finances and the corporate entity of Hamilton. NAMCO does the same for the Weisslers' productions. |
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| re: But the Green article implies that U.S. theatres and production companies are getting nothing | |
| Posted by: sf 09:15 pm EDT 07/07/20 | |
| In reply to: But the Green article implies that U.S. theatres and production companies are getting nothing - aleck 08:39 pm EDT 07/07/20 | |
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| Salaried employees of the Really Useful Group have been supported by the government's furlough scheme, and RUG has also benefitted from another government scheme which extends the deadline for payment of certain bills. The arts funding package introduced this week is something separate, and is designed to provide levels of support that can't be accessed via other government programmes. |
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