Word: broadway
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Dates: during 1980-1989
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SPOILS OF WAR. Kate Nelligan shows the dark side of an Auntie Mame-style mom in Michael Weller's off-Broadway memory play, through June...
...debilitated is the dollar that some Europeans -- not just the jet-set crowd, mind you -- are dropping in on New York City just for a weekend, blitzing the stores along Manhattan's Fifth Avenue and queuing up for Broadway shows. "We've been to Majorca, Crete and Yugoslavia," says one of the whirlwind invaders, Phil Stevens, 43, a carpet fitter from Britain. "But," he crows, "America is so cheap this year...
Carrie might have had just such a reserve if it held to its original $5 million budget. The show was eventually capitalized at $7 million, primarily by British and West German investors who had scant Broadway experience. But runaway costs reached, by some accounts, about $8 million, attributable partly to the high-tech fashion in current musicals, partly to the complexity of multinational production, partly to old-fashioned indulgence. Says the Royal Shakespeare Company's artistic director Terry Hands, who staged the show: "It started to be loaded with lavish trappings, none of which I believe were necessary." Sources involved...
...Royal Shakespeare Company was paid for mounting Carrie as part of its season, and thus secured a profit of roughly $500,000. As a result of the unusual transatlantic production, there was a hefty bill for the transport and lodging of the creators and the Anglo-American cast. On Broadway, some 20% of each week's box-office income was set aside for royalties to the creative team, including Novelist King, who otherwise had no role in the show. Another debated expenditure was $500,000 plus for a print, poster and TV ad campaign in New York City before...
...result of all these costs, Carrie barely had carfare home after its Broadway opening night. There was no contingency plan, just a hope against hope for generosity from the critics. When that failed, Gore, Librettist Lawrence Cohen and Lyricist Dean Pitchford started shopping for emergency investors to create an instant reserve fund. Landesman pondered stepping in with more cash from Jujamcyn but in the end decided not to underwrite even one additional week's losses so the search for investors could go on. Explains Landesman: "I would have put up $500,000, but I didn't see the rest...