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64 Cards in this Set
- Front
- Back
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Income theatre income comes from... |
All $$ received from a good/service Tickets Merch (soundtracks, concessions) Donations Ads Acting Classes Rent out theatre |
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Revenue |
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Expenses |
$$$ the business spends Sources: - Personnel (most $) - Production - Performance royalties/licensing - Rent for rehearsal - Transportation - Advertising |
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Profit |
Income more than expenses
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Deficit |
Expenses more than income
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Surplus |
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Loss |
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Commercial Theatre/For-Profit |
Money goes back to INVESTORS or PRODUCER with the goal of creating profit |
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Noncommercial Theatre/Nonprofit |
Still want a surplus after expenses paid Money goes back into the THEATRE COMPANY Goal is still to make money!!! |
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Capitalization Expense /Production Expense |
The cost of making the play Money spent to manufacture the play/musical Costs incurred up to and including opening night |
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Preview Period Press Previews Opening Night |
Preview period -- changes can still be made
Press previews - after show is frozen but still before opening opening night - after, stage managers keep the show running |
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Executive Producer |
(almost exclusively w/ commercial shows) Comes up with idea, initiates project Raises money (investors) Obtains performance rights Selects and rents theatre "the boss" - final say in all decisions |
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Investor/Angel |
Donates money initially, gets paid back (commercial theatre)... Majority of the time, they lose money (flops) |
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Overhead |
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Weekly Overhead /Running Expense |
Costs incurred after the show opens and is running
Money spent to keep the play running |
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Operating Expense |
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Weekly Profit vs. Weekly Deficit |
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Recoup
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When business makes enough to cover capitalization expenses |
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Donor |
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Contributor |
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Asset/Liability |
Asset = things worth something Liability = what you owe to something else |
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Net asset/Net Worth |
Net Asset = total assets - total liabilities
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Budget |
blueprint of how money is spent
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Professional Theatre |
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Theatre Professional |
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Amateur |
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Broadway Theatre |
Must have 500 + Seats |
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Off Broadway Theatre |
100 - 499 seats
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Off-Off Broadway Theatre |
Up to 99 seats
$18 dollar tickets max 18 performance max Off Broadway/NYC Off off is done as a stipend, and does not count as employmentor an AEA contract. |
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The Road |
First-class broadway tours - Travel around from city to city Usually produced by a Broadway producer with first class performers; Typically one week per city with 8 performances but some can play forseveral weeks. |
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Regional Theatre |
Professional & non-profit |
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Resident Theatre |
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Stock Theatre |
Only in the summer (??) |
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Community Theatre |
Nonprofessional & non-profit |
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Theatrical Union |
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Actors' Equity Association |
- Union - Represents ACTORS and STAGE MANAGERS |
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Equity Theatre |
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Non-Equity Theatre
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Educational Theatre |
Student Performers Professional faculty/directors University, HS, Middle School, Elementary Thechnically "amateur theatre" Ex: Jerry Herman Ring theatre |
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General Manager |
COMMERCIAL *and* NON COMMERCIAL - Day to day business manager - Hires staff -Negotiates theatre lease -Prepares budgets/monitors spending - Rehearsals and performance -Contracts, esp. union relations -Payroll |
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Stage Manager |
Oversee the entire show being performed Provide technical support to director, actors and other crew |
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House Manager |
Usually under employment of the theatre, not the theatre troupe |
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Company Manager |
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Artistic Director |
For REGIONAL THEATRE/NONPROFIT Selects plays Casts actors Hires designers All "artistic" decisions |
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Managing Director |
For REGIONAL THEATRE/NONPROFIT Hires business staff Marketing Fundraising Budgeting/financials |
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Producing Artistic Director |
**Really new title NONCOMMERCIAL / NONPROFIT Theatre Combination of Artistic Director and Managing Director |
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Theatre Owner/ Theatre Operator |
Owns/operates a theatre "venue" Charges rent to tours or others booking Can PRODUCE or PRESENT --Sometimes theatre operator also acts as producer (Shubert Org. and Nederlander) |
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Presenter |
Manages a touring theatre or "venue" Books touring productions into this venue EX: Arsht Center, Miami |
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Personal Income Tax |
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Corporate Income tax |
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Tax Exempt |
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Tax Deductibility |
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% of Musicals vs. Plays |
TICKET SALES (2010-2011 = 1.14 BILLION) 90% tickets to musicals 10% to plays |
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Tourist %s |
Tourists account for 63% of all ticket sales on Broadway |
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Capitalization Averages |
BROADWAY PLAY = $2.5 million BROADWAY MUSICAL = $ 10-12 million |
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Popular NonProfit companies |
Manhattan Theatre Club (MTC) Roundabout Theatre Lincoln Center |
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Popular Profit/commercial Companies |
Shubert Organization (17 theaters) Nederlander Organization (9 theatres) Jujamcyn Theatres (5 theatre) |
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Eugene O'Neil Theatre/Fact |
Currently playing Book of Mormon Opened by the Shuberts |
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Gershwin Theatre (Broadway) |
Currently playing Wicked
Biggest theatre |
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Recent Off-broadway productions |
STOMP Blue Man Group The Fantastiks Altar Boyz Newsical |
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Some off Broadway --> Broadway transfers? Some broadway --> off-broadway transfers? |
Off broadway to broadway: - HAMILTON - FUN HOME - IN THE HEIGHTS - ONCE From broadway to off-broadway: - RENT - AVENUE Q - PETER AND THE STARCATCHER |
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Popular off-broadway theatres |
The Public Astor Place Theatre Second Stage Theatre |
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A few Off-Off Broadway Theatres |
La MAMA HERE The Brick The Chocolate Factory |
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The New World Stages |
Currently playing Avenue Q |
