But there is one thing about the article that bugged me a bit.
In the third paragraph, the author writes . . .
Community theaters and high school productions don't produce the instant big bucks of Broadway and tours, but the royalties paid to creatives, producers and investors are pure profit . . .Uhhh, hold up."
3 comments:
I agree that the producer should at least some percentage of the profit. Although most people think that producers have endless pockets of money I think that this is very ignorant view. It normally takes a few people to produce a show. Even tough there are only a handful of producers this small profit could possibly give some people the small percentage to start producing or for more shows.
I very much agree that the producers should get something. And frankly i'm very surprised that they don't. Last year in theatre management, we talked a lot about the fact that most shows only make back their money AFTER they end on broadway,due to highschools, tours, amateur companies etc. And that's only if they make back their money. So i was under the impression that producers got some. But maybe that was just for touring productions. Still, a lot of money is made from the rights to highschools. they are the ones who keep producing the shows that are not "popular" in the big scheme of things. And i remember when my highschool did Seussical in 2005, there were like 15 other Sessical productions in my area that year. And some the next. Shows go in circuits for highschools, but they still bring money in for the creative staff. The producers should get some until they make back their investment.
I think the author makes a valid argument about repaying Producers UP UNTIL they have recouped any lost money. Producing, like investing, is a huge monetary risk and there is potential that you will lose large sums of money very quickly. When the average person makes a bad investment, they lose the money for good and there is no system in place to gradually pay back that original investment. Theatre producers who make a bad investment, for whatever reason, should not reap the benefits of amateur productions and should be capped off at breaking even. No loss for them and the ability to invest the money in another show.
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