Coming up with a typical production is pretty impossible so we have based this example on a moderately budgeted West End musical that breaks even over a year’s run – but do bear in mind that most shows in the West End lose money! Big-budget hits and smaller plays will have quite different breakdowns but, nonetheless, it makes for interesting reading.
Based on a top ticket price of £50 for the exercise below, which takes into account all of the costs of making and running the show over a year:
So, before an actor has read a line or the orchestra has struck a single note, 60% of your ticket price has already been spent. As regards the production itself:
Officially launched with an event at the New Diorama Theatre today (21 July 2010), James Seabright's book So You Want to Be a Theatre Producer is available now and can be ordered for £12.99 from Nick Hern Books.