"Why open a theater company? Simple: So you can work," author Reginald Nelson writes. Were it that simple. A theater company is a small business and as such has all the requirements of a small business plus the demands of artistry.
Add to that two facts--the not-for-profit theater in the US is overbuilt, meaning there are too many theaters chasing too little audience, and the US is just coming out of a recession--and the conclusion is clear. Without some sort of "angel" providing regular money inputs to a new theater, it's unlikely to be successful.
Of course, our book Stage Money has background on the not-for-profit theater that would be useful for anyone considering founding one. This blog has a number of relevant essays and facts about the current environment for the not-for-profit theater, including:
- If You Read Nothing Else about the NFP Theater, Read "Theatre Facts 2009"
This Recession for One Theater
The Urge to Merge
NFP Theatres Saw Trouble Even Before the Recession
Surveys that Prove the Obvious; NFPs Are Financially Stressed
Why a Good Theatre Died
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