CMU School of Drama


Friday, February 08, 2013

Kevin Spacey to Step Down from London's Old Vic: Seeks to Raise £20 Million Endowment Fund Before Departing

Playbill.com: Oscar winner Kevin Spacey, who has been artistic director of London's Old Vic since 2003, has revealed his plans to step down from the venue in 2015, but is seeking to put in place a £20 million endowment fund before that to secure the building's future. In a statement to the U.K.'s Daily Telegraph, he said, "I’m now planning to leave in 2015 and am determined to raise £20 million by then as an endowment fund to make the theatre is fit for the 21st century. We can then use the £20 million to give us £1 million-a-year income to help refurbish the theatre – like more ladies loos and more bar room."

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