Theatre Royal's financial planning for secure future
The Herald|April 04, 2024
IT is a “make or break” year for Theatre Royal Plymouth as it moves towards co-producing shows, a policy which brings financial risk but could also be a huge money-spinner.
WILLIAM TELFORD
Theatre Royal's financial planning for secure future

With audiences stabilising at about 320,000 people per year, TRP bosses are starting to create their own shows with the potential to earn big bucks for what is a huge economic generator for Plymouth.

This year, TRP will debut The Artist, The Devil Wears Prada, and The Creakers, all of which it has a hand in creating and a stake in profits.

TRP chief executive James Mackenzie-Blackman said the model is the way forward for the theatre, enabling it to earn more cash at a time when costs are rising.

“It’s make or break,” Mr Mackenzie-Blackman told The Herald. “The business model we are moving towards is co-producing and producing our own work.”

Next month, TRP will stage the world premiere of The Artist, based on the Oscar-winning movie. TRP is a co-producer with The McOnie Company, Playful Productions, Bill Damaschke and Underbelly in association with Stephen and Nancy Gabriel.

In July and August, it will preview The Devil Wears Prada, a new musical based on the blockbuster film and bestselling novel, with music by Sir Elton John. It is co-produced by TRP, Kevin McCollum/Alchemation, Rocket Entertainment/David Furnish and Jamie Wilson.

The theatre will also host the world premiere of The Creakers, by McFly’s Tom Fletcher, in October. TRP is co-producing with Impossible Producing, Smith & Brant Theatricals, and Gavin Kalin Productions.

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