Become a Broadway Investor Online; Fund the Upcoming ON THE TOWN Revival
Maxolev Productions (led by Howard & Janet Kagan) announces the launch of a new online investment platform (www.invest.maxolev.com) offering equity in Broadway productions, beginning with the upcoming revival of On The Town. Utilizing recent changes in SEC regulations related to the JOBS Act, the platform is designed to offer accredited investors* from across the country an opportunity to become Broadway investors. Maxolev Productions has reserved a portion of the offering of the capitalization of On The Town for accredited investors using this platform.
In a statement, Howard Kagan said: "With the theatre industry evolving rapidly, we aim to open up the once-closed circle and invite theatregoers who are accredited investors to invest in what they love, and to share the thrilling, one-of-a-kind experience of backing a Broadway show. By streamlining the investment process and increasing accessibility, we hope to expand the community of Broadway investors, beginning with an opportunity to join in the journey of a major musical revival, On The Town."
Unlike crowdfunding platforms Kickstarter and IndieGogo, the Maxolev online investment platform offers equity in its productions, and benefits that match those available to traditional Broadway investors. Prospective investors can research current opportunities at invest.maxolev.com and learn about the Broadway business model. Investors who choose to proceed are able to directly access a secure, custom platform built by Maxolev and Wealth Forge to continue the online investment process. Wealth Forge is a member of FINRA (Financial Industry Regulatory Authority) and the SIPC (Securities Investor Protection Corporation).
The new Broadway revival of On The Town - the musical-comedy love letter to New York City created by the legendary team of Leonard Bernstein, Betty Comden, Adolph Green, and Jerome Robbins - will open this fall at the Lyric Theatre (213 W 42nd St, New York, NY 10036). Directed by John Rando (Tony Award for Urinetown) and choreographed by Joshua Bergasse (Emmy Award winner for "Smash") On The Town is set to begin previews on Saturday, September 20, 2014 and officially opens on Thursday, October 16, 2014.
The Bronx is up, the Battery's down, and three sailors are hoping to get just a little bit lucky on their one day of leave in the Big Apple. From the Brooklyn Navy Yard and Coney Island to Times Square and Carnegie Hall, On The Town zigzags through New York City as the sailors and the three high-spirited young women they meet chase love, dreams, and each other during an unforgettable day in the city that never sleeps. The classic score features the standards "New York, New York," "I Can Cook Too," "Lonely Town," and "Some Other Time" and will be played in this production with their original orchestrations, performed by what will be the largest orchestra on Broadway, with 28 musicians led by musical director James Moore (Follies, Ragtime).
Maxolev Productions, the New York based production company of Howard & Janet Kagan, produces entertaining commercial shows with atypical heroes, especially strong independent women. The Kagans have won back-to-back Tony Awards for the Broadway productions of Pippin (2013) and Porgy and Bess (2012). On Broadway, the Kagans have also co-produced Hands on a Hardbody, The Anarchist, and Bonnie & Clyde.
For more information, visit: invest.maxolev.com.
*An Accredited Investor, as defined by the SEC, is:
· A person who has individual net worth, or joint net worth with their spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;
· A person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
· A trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
· A business in which all the equity owners are accredited investors;
For further information: https://www.sec.gov/answers/accred.htm