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Friday, April 03, 2020
Take a Peek Behind the Curtain: Everything You Need to Know About Investing in Theatre
Theatrepeople: Are you a lover of theatre? Do you have an eye for investing? Well there’s an opportunity for you to combine these two passions of yours by investing in theatre. No matter what production(s) you choose to invest in — whether you go for a large scale show like Phantom, Matilda or Hamilton, you could start out, as many producers do, with a smaller scale production. If you approach this venture with the right mindset, you could start to build a reputation as a theatre producer or investor and eventually move on to larger scale shows.
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The role of a producer in a theatre is a very foreign concept to me, and truely all I really know about their job is that they "give the money". However, I have always thought that it is something that I would be interested in doing, once I understand the role better. This article breaks down the important elements of producing and the first lessons and choices that a producer should make and know. It begins with things such as starting small, picking the right business partners, and choosing productions that you think will make money. These are all pretty straight forward concepts, however, as the article states, investing in theatre is not always a straightforward process. I also think that from the producers perspective, it is important to understand your goals for the investment. What is the inital cost, how much money are you expecting to get out of the deal, etc.
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