The Path Entertainment Group’s Post

'A behind the scenes look at theatre investment' is the title of an article in Spear's Magazine by Suzanne Elliott. It is insightful and well worth reading for anyone interested in taking the plunge in investing in a stage play or musical. One stand-out quote is this, "The arts and culture industry is worth £10.8 billion a year to the UK economy and a whopping $876.7 billion in the US and nearly all producers – even big names on Broadway and the West End – require private investments to help raise the curtain." https://lnkd.in/gngbDjvV #theatre #theatreinvestment #musicals #culture #wealthmanagement

I will never not talk about the vast benefits of outsourcing and collaboration! With so many options for both available for entertainment businesses, it is well worth a bit of research and an open mind to see how these concepts can completely propel your business to a new level. And if after your research you want to outsource your administrative tasks… well, you know where I am 👀🪩 Have you utilised outsourcing and collaboration effectively in your business? Tell me about it below ⬇️ I love hearing about people’s experiences with these concepts!

For anyone who has been following HVA for a little while, you may remember my little Top Tip Tuesday segment from last year- bitesize top tips to help streamline and structure your entertainment business. (And for anyone who has no idea what I am talking about, I highly recommend you scroll back through HVA's Instagram feed and give them a watch!) This little soundbite comes from my final top tip on a Tuesday, and remains one of the most important tips out of all of them. Embrace collaboration and outsourcing within your entertainment business 🪩 Trust me, it could end up being one of the best things you ever do! Had some wonderful experiences with outsourcing and collaboration? Share them in the comments below ⬇️ #HVA #virtualassistant #virtualassistantservices #virtualassistantbusiness #virtualassistantforhire #businesssupport #businesssupportingbusiness #admin #administrativeassistant #entertainment #entertainmentcompany #entertainmentbusiness #liveevents #liveeventsindustry #creativeindustry #creativeentrepreneur #productioncompany #eventprofuk #eventprof #performingarts #music #dance #acting #theatre #musicaltheatre #remoteworking #outsourcing #collaboration

Are Broadway shows moving to earlier evening start times? That seems to be a trend as some shows address the post-pandemic decline in audiences, especially from suburban areas. Historically, evening performances started at 8:30 p.m., but have since shifted to 8:00 p.m. More recently, shows have been moving start times to 7:00 or 7:30 p.m. and adding more matinees, catering to families, tourists, and older audiences who prefer earlier shows. Matinees, particularly on Thursday afternoons, have become more popular than Saturday nights. Shows like Disney’s “Aladdin” and “The Lion King” now feature 6:30 p.m. performances on Sundays. Some productions, like “Oh, Mary!,” are opting for two evening performances instead of a matinee. The ongoing adjustments aim to get theaters back to capacity. #theater #broadway #onstage #tickets #boxoffice https://lnkd.in/e3z7Pgyd

LITTLE SHOP OF HORRORS. Musical Set Design detail. Storyboard #setdesign #productiondesign #storyboarding #musicals #singers #actors #theatre #musicaltheatre #scenography #neillrish #setbiilding #scenicart #scenicpainters #costume

Theatre directors and designers are approaching productions with open minds and blank sheets, letting their imaginations go wild as they interpret new (and old) pieces for new audiences. For the crafts people charged with turning these ideas into reality, a wide variety of tools, machines and materials are at their disposal. But vacuum forming, which combines artistry, engineering, and innovation, is a well-used technique to create captivating stage designs, props, costumes and more. Whether you’re a seasoned theatre professional or a curious enthusiast, understanding vacuum forming and its opportunities can really help bring creations to life and speed-up workflow. Find out how theatre and opera companies use it to bring creations to life: https://lnkd.in/eYTGycSe #Vacuumforming #theatre #opera #theatredesign

An excellent example of how an innovator should persevere and remain focused on identifying the problem and or challenges and proactively work towards finding the solution(s). Basically, do not be afraid to try. When you try and it does not go as planned, do not think of it as a complete failure. Learn from it, innovate some more and do, until you find the winning solution. https://lnkd.in/ddp95bRd #innovation #theatre #communitybuilding #thearts

We’ve Hit Peak Theater Nobody knows how to succeed on Broadway anymore. The resulting drop in demand has already lasted longer than the dips Broadway saw after 9/11 and the Great Recession. Audiences are down 17 percent since the boom season of 2018–19 with older suburbanites accounting for most of the falloff. “The drop was at 50-plus,” Producing on Broadway, where roughly 80 percent of shows fail to recoup, has always been a leap of faith. Yet Tonys no longer guarantee solvency. It used to be that if a show won Best Musical, it would earn its money back. Moulin Rouge! The Musical, the last winner to open before the pandemic, ultimately reopened and recouped. The next two winners, A Strange Loop and Kimberly Akimbo, failed to break even before closing. That hadn’t happened since 2002. The capitalization of Broadway shows this season adds up to $410 million, compared with $290 million last year, according to Broadway Journal columnist Philip Boroff. Before 2023, only a handful of shows were ever made for more than $20 million. This season, there are at least five, topped by Cabaret, which at $26 million is the most expensive Broadway revival in history. This can’t be pegged purely to inflation. Titanic would have cost $19 million in today’s money In November, Boroff reported that Water for Elephants has weekly operating costs of $960,000; Back to the Future costs $980,000 to run, and Cabaret needs $1.16 million to break even. Before the pandemic, $700,000 was considered to be very high. According to a 2023 Broadway League report, the average age of a theatergoer is now 40.4, the youngest in at least 20 years. https://lnkd.in/ds6a-aeF

Going back a little, to December 2023, an article was published which began, "If only you'd invested in Phantom... or Matilda... or Hamilton. Peek behind the curtain: the tricky art of investing in theatre productions." Things are already moving on since that was written, but it is still insightful. https://lnkd.in/gM3iZzQX #theatre #musicals #theatre #theatreinvestment