[Mb-hair] HAIR at the GATE THEATRE, LONDON

[Tali]

Dear all

Michael suggested I subscribe to this list as I'm producing HAIR at the
Gate Theatre, London. The show, directed by Daniel Kramer (Through the
Leaves, with Simon Callow and Ann Mitchell) and with musical supervision
by Stephen Brooker (Woman in White, My Fair Lady), will open in
September 2005.

This is the first ever musical the Gate has produced, and we'd so value
your insight and support. As a 70-seat off-West End theatre, we are
(pardon the pun) excited to take HAIR back to its roots - the Gate
Theatre auditorium is an average 60 square meters; the show will have 65
seats. 

If you're interested in hearing more about the production, don't
hesitate to email me directly at tali at gatetheatre.co.uk.
Looking forward to hearing from you. 

All best wishes

Tali Pelman
Producer
 
The Gate Theatre
11 Pembridge Road
London W11 3HQ
020 7229 5387
www.gatetheatre.co.uk
 

-----Original Message-----
From: mb-hair-bounces at islandlists.com
[mailto:mb-hair-bounces at islandlists.com] On Behalf Of Michael Butler
Sent: 06 June 2005 17:40
To: HAIR List
Cc: Rusty Holzer; Robert Emmer; Ken Myers
Subject: Re: [Mb-hair] Overture, Hit the Lights...

Jim,
Thanks for sending this.
Michael

> 
> Here's why a Broadway show COULD run for two years, successfully--
> 
> And never make its money back.
> 
> Let's say you have a musical capitalized at eight milion dollars.
That's
> about moderate for nowadays. (LITTLE WOMEN was brought in for about
$5.8
> million, a bigger musial, could cost, say, abouit twelve million, or
way
> upwards....)
> 
> The "capitalization" is just the amount it takes you to get to OPENING
> NIGHT.
> 
> (Although, the wise producer will have stored within that buget, a
> four-to-eight week contingency, to cover one-to-two months of poor, or
> slow, ticket sales...)
> 
> Let's now say, your WEEKLY RUNNIN COSTS are $400,000.
> 
> The four hundred grand is what it costs you to rent your theatre, pay
> your actors, your musicians, your tech crew, your union fees, your
> advertising, your royalties...
> 
> You have to MAKE $40,000 in ticket sales, before ever making a
"weekly"
> profit--
> 
> Which goes to paying off the original eight million dollars.
> 
> 
> Let's say you're selling 80% of your tickets, in an average one
thousand
> seat Broadway house.
> 
> 80% would be terrific nowadays.
> 
> At an average of $70.00 a ticket--which would be pretty good, bcause
it
> doesn't take into account the discountd. special advance ticket sales
> you've generated with special mailings and other promotions--
> 
> You're making about $56,000 a performance.
> 
> Or,  $448,000, a week.
> 
> YOU ARE ONLY GETTING $48,000 a week towards your original
invesment--or
> rather, you backers' invesment--of the show's actual budget, $8
million
> dollars....
> 
> After a year, you'd still be about five-and-a-half million in the
hole.
> 
> With a relative hit show.
> 
> It could take you three-plus years just to BREAK EVEN.
> 
> To be sure, the lead producer, or producers, would also be generating
> money off tours, and ancillary sales....
> 
> But just a quick ilustration, in why Broadway has become an even
tougher
> business...
> 
> Best, Jim Burns
> 
> _______________________________________________
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