Post by Jon on Nov 1, 2019 17:53:29 GMT
There's been quite a bit of discussion in various threads not only about ticket prices but also why organisations such as the National Theatre need to raise money every year despite having Arts Council Funding and membership schemes and I thought creating a thread like this would be good to explain why things cost so much.
I've been listening and watching videos and podcasts with the likes of Sonia Friedman and Paul Taylor-Mills and both mention that it's not cheap to put on a show, for a play in the West End, it can cost around £750,000 for a mid sized play and given most plays only run 12-16 weeks at best, some longer or shorter so it's understandable that prices reflect that in order to recoup the costs and make a profit. It's not to say producers should charge really high prices but I think it does help to understand the economics of commercial theatre.
I've been listening and watching videos and podcasts with the likes of Sonia Friedman and Paul Taylor-Mills and both mention that it's not cheap to put on a show, for a play in the West End, it can cost around £750,000 for a mid sized play and given most plays only run 12-16 weeks at best, some longer or shorter so it's understandable that prices reflect that in order to recoup the costs and make a profit. It's not to say producers should charge really high prices but I think it does help to understand the economics of commercial theatre.
