Why isn't ROA at NWS?
Why isn't ROA at NWS?
barcelona20
Broadway Star Joined: 1/19/08
#1Why isn't ROA at NWS?
Posted: 7/17/17 at 4:50pm
Seems like it would make sense to go back to where it started no?
#2Why isn't ROA at NWS?
Posted: 7/17/17 at 4:54pm
Acronym attack!!
http://puccinischronicles.wordpress.com
#3Why isn't ROA at NWS?
Posted: 7/17/17 at 4:55pm
Because its producers had worse financial management skills then a college student.....
The show only recouped in its final year after being on Broadway for 7 years, thus I am sure no one wanted to pony up the capital on something they finally started earning a profit on.
BroadwayConcierge
Broadway Legend Joined: 7/24/15
mpd4165
Leading Actor Joined: 8/6/09
#6Why isn't ROA at NWS?
Posted: 7/17/17 at 5:01pm
BroadwayConcierge said: "What is ROA? I assume NWS is New World Stages...
"
I'm assuming Rock of Ages...?
BroadwayConcierge
Broadway Legend Joined: 7/24/15
RippedMan
Broadway Legend Joined: 8/14/05
#9Why isn't ROA at NWS?
Posted: 7/17/17 at 5:23pm
It took them that long to recoup? Because of moving theaters? I'm surprised it's not touring.
#10Why isn't ROA at NWS?
Posted: 7/17/17 at 5:43pm
Correction it took 4 years for the show to recoup:
http://www.theatermania.com/los-angeles-theater/news/04-2013/matthew-weaver-creator-of-rock-of-ages_64970.html
But still everyone knew the shows finances were a mess, and thus no accountant who wants to keep his license would allow someone to throw more money into this production.
bk
Broadway Legend Joined: 7/20/03
massofmen
Broadway Legend Joined: 12/10/04
#12Why isn't ROA at NWS?
Posted: 7/17/17 at 7:46pm
what do you mean "the finances were a mess"? I don't understand that. That they didn't pay the actors?
#13Why isn't ROA at NWS?
Posted: 7/17/17 at 8:04pm
huh i usually don't mind acronyms but both of these evaded me. ROA reminds me of RHOA, the Real Housewives of Atlanta
"Contentment, it seems, simply happens. It appears accompanied by no bravos and no tears."
UncleCharlie
Broadway Legend Joined: 6/26/16
#14Why isn't ROA at NWS?
Posted: 7/17/17 at 8:35pm
bdn223 said: "Correction it took 4 years for the show to recoup:
http://www.theatermania.com/los-angeles-theater/news/04-2013/matthew-weaver-creator-of-rock-of-ages_64970.html
But still everyone knew the shows finances were a mess, and thus no accountant who wants to keep his license would allow someone to throw more money into this production.
Accountants keep the books, prepare financial projections and advise or even warn if necessary.. They don't allow or not allow someone else to spend their money.
#15Why isn't ROA at NWS?
Posted: 7/17/17 at 9:19pm
massofmen said: "what do you mean "the finances were a mess"? I don't understand that. That they didn't pay the actors?
"
If I remember correctly it had to do with the fact that unlike most jukebox musicals, which are made up of the catalog of one or maybe 2 artists,Rock of Ages had several. Thus the producers had to negotiate a royalty rate with each song's copyright owner. Add to that almost the entire score was made up of top 10 hits making the royalties even more expensive to get. On top of that many of the royalties were % of gross sales based instead of flat fees. Thus for such a "bare-bones" show with a small cast, unit set, tiny Pit, the shows running costs were exponential high when compared to potential grosses. Add to that the producers spent a ton on marketing each week omly adding to their nut.
When all is said and done ROA finance's looked suprisingly similar to Spiderman's, at least in terms of business plans.
#16Why isn't ROA at NWS?
Posted: 7/17/17 at 9:28pm
UncleCharlie said: "bdn223 said: "Correction it took 4 years for the show to recoup:
http://www.theatermania.com/los-angeles-theater/news/04-2013/matthew-weaver-creator-of-rock-of-ages_64970.html
But still everyone knew the shows finances were a mess, and thus no accountant who wants to keep his license would allow someone to throw more money into this production.
Accountants keep the books, prepare financial projections and advise or even warn if necessary.. They don't allow or not allow someone else to spend their money.
"
It would be against an accountant's fiduciary duty to advise the client to invest in a transfer after looking at its finances.....Happy????
UncleCharlie
Broadway Legend Joined: 6/26/16
#18Why isn't ROA at NWS?
Posted: 7/17/17 at 10:07pm
bdn223 said: "UncleCharlie said: "bdn223 said: "Correction it took 4 years for the show to recoup:
http://www.theatermania.com/los-angeles-theater/news/04-2013/matthew-weaver-creator-of-rock-of-ages_64970.html
But still everyone knew the shows finances were a mess, and thus no accountant who wants to keep his license would allow someone to throw more money into this production.
Accountants keep the books, prepare financial projections and advise or even warn if necessary.. They don't allow or not allow someone else to spend their money.
"
It would be against an accountant's fiduciary duty to advise the client to invest in a transfer after looking at its finances.....Happy????
Lovely, thank you. Now perhaps you can link to something that validates the "finances were a mess" and "its producers had worse financial management skills then a college student" claims rather than simply sharing that to realize the dramatic vision of the show, because of royalties to multiple artists, the financial arrangements were complex and their costs were higher than most jukebox musicals using the music of a single artist. Your description of the "mess" would lead one to believe everyone involved lost their shirts rather than recouping and running for 3 more years after that which most shows only dream about. Most producers would love their finances for a show to be so messy.
