‘I’m not wielding a knife’: Sydney Theatre Company addresses its financial woes

  • 📰 smh
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

After back-to-back years of financial losses, Sydney Theatre Company has a new stage hit on its hands and is bracing for the impact of a new COVID wave | LindaMorrissmh

A decade or so ago, Cate Blanchett and playwright husband Andrew Upton helped turn around the fortunes of the Sydney Theatre Company with their A-list presence.

The theatre company has received more than $23 million in government support including JobKeeper grants during three years of COVID interruptions and relied on unprecedented support from loyal patrons and philanthropists to carry them through back-to-back years of deficits. The company is also in “ongoing discussions” with Create NSW and the Australia Council for the Arts for “grant uplifts”, with core government funding standing at 8 per cent of company income.“It’s a challenging environment,” Dunn says. “We’re doing a lot of internal work around getting a handle on understanding our cost base and understanding our revenue opportunities.

It’s also keen to draw more name actors to stage roles, while honouring its commitment to Australian-led commissions. Luring big-name actors to the STC stage is only part of the equation: “The work needs to be really good, the work needs to be strong – and you know a starry name helps, of course, but it’s not the only pathway to success,” Dunn says.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LindaMorrissmh Some tax dodging billionaire “philanthropist” will bail them out

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leading visual effects company DNEG coming to SydneyHollywood is heading to Sydney bringing with it hundreds of new jobs. An international visual effects company is setting up locally to help add some movie magic to upcoming blockbusters. 7NEWS No . Sorry . Sydney will never be “ Hollywood “ no matter how many red carpets you might roll out .
Source: 7NewsSydney - 🏆 16. / 63 Read more »