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Saturday, August 29, 2009
Pair of fests test the fiscal waters
Variety: "Canada's two heavyweight summer theater festivals -- Stratford and Shaw -- can be viewed as a solid indicator of how much disposable income is out there in North America. So with both orgs predicting break-even budgets for 2009, the current season echoes the cautious optimism being felt throughout the economy."
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"Industry insiders have noted that both organizations chose to take the money and push the proven hits further, rather than trying to swell attendance at their less-popular shows."
It's a duck and cover strategy which seems fair in the economic climate. It's a safe bet in difficult times. The fact that "industry insiders" are the source seems irrelevant. Of course those in the industry are going to be the most critical of the production selection, but anyone can easily see the observation.
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