Word: jujamcyn
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Following Spider Woman will be works by, among others, songwriters Marvin Hamlisch and Jimmy Webb, novelist Erica Jong and playwrights Arthur Kopit, Marsha Norman and Peter Stone. Financial backers include Capital Cities/ABC, Columbia Artists Management and Jujamcyn, which owns five Broadway theaters. Investors have provided about a fourth of the first year's $10 million budget, with the balance projected to be earned in ticket sales, program advertising and merchandising...
...novel about a tormented teenager with psychic powers became a best seller, then a multiple Oscar nominee as a 1976 movie. But onstage it set records of a different sort: losing more than $7 million made it Broadway's biggest failure ever. Said President Rocco Landesman of Jujamcyn Theaters, which invested $500,000 and provided a house for the show: "This is the biggest flop in the world history of the theater, going all the way back to Aristophanes...
...loaded with lavish trappings, none of which I believe were necessary." Sources involved in financing the project estimate that the show's design elements alone cost nearly $4 million, including about $1 million each for costumes, sound and the elaborate hydraulically powered sets. About a third of Jujamcyn's $500,000 investment was spent on repainting its Virginia Theater black, to suit Carrie's somber theme, and on installing electrical wiring for effects like the laser barrage at the climax, when Carrie burns down her school...
...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 of the $2 million coming from anywhere." After a last forlorn scramble, neither...
...Special Tony will be the second award to bereceived by Brustein on behalf of the ART thisyear. In November he received the Jujamcyn TheatreAward "for outstanding contribution to thedevelopment of creative talent for the theatre...