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re: 50% or more of initial investment to reboot??
Posted by: MisterIng 02:26 am EST 01/14/21
In reply to: re: 50% or more of initial investment to reboot?? - ryhog 08:17 pm EST 01/13/21

I suppose we'll have to wait and see, but I would be very surprised if a large scale musical would be able to re-engage with 2 million. 50% of the original investment is my estimate which doesn't mean those funds won't be raised but it will be costly. If you in fact are running one of the big ones that return, then I suppose, you'll have an insider's view. Just looking however at one that I myself worked on, I don't see how it's possible given the unknowns, and I think in your note, you make a great many assumptions. Fixed rent de minimis? Which Broadway house has that? (Would be good to know.) It depends on what the real estate owners will be prepared to do, if a show is actually operating. It might not be that it will amount to 50% up front, but the aggregate cost over time, will amount to that if not more. And insurance. That's going to be interesting I am afraid. What kind of insurance will a production need to carry for the new sets of liabilities? (big line item, left out.) If it were two million, I would jump right in. Hardly even feasible. But I hope you are right. Not so sure though.
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