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Livent Scorecard

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Mr Roxy
Broadway Legend
joined:5/17/03
Broadway Legend
joined:
5/17/03
Livent Scorecard#0
Posted: 11/12/03 at 10:30pm
Here is the scorecard of Livent Productions

1. Ragtime - Critcal Success / Financial Flop
2. Fosse - Critical & Financial Success
3. Seussical - Critical & Financial Flop
4. Sweet Smell of Sucess - Critical & Fianacial Flop
5. Kiss Of The Spiderwoman - Critical & Financial Success

Not to bad a record & one wonders what would have happened with # 1 had Livent not taken a trip along the old Hershey Highway & what other projects they would have undertaken had not Garth done a Tyco
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Updated On: 11/12/03 at 10:30 PM
FindingNamo
Broadway Legend
joined:7/22/03
Broadway Legend
joined:
7/22/03
re: Livent Scorecard#1
Posted: 11/12/03 at 10:34pm
In what way did Livent engage in anal sex (which is what that euphemism "Hershey Highway" stands for?) Do you mean "cooking the books" rather than "engaging in hot Greek love?"
Can you hear me now? Twitter: @NamoInExile
tpdc
Broadway Star
joined:5/30/03
Broadway Star
joined:
5/30/03
re: Livent Scorecard#2
Posted: 11/12/03 at 10:35pm
What about PARADE? Or did Livent fall before production and it was only produced by Lincoln Center?
Gothampc
Broadway Legend
joined:5/20/03
Broadway Legend
joined:
5/20/03
re: Livent Scorecard#3
Posted: 11/12/03 at 10:48pm
Could you give us your source on which these facts are based?
If anyone ever tells you that you put too much Parmesan cheese on your pasta, stop talking to them. You don't need that kind of negativity in your life.
LouW95
Leading Actor
joined:9/27/03
Leading Actor
joined:
9/27/03
re: re: Livent Scorecard#4
Posted: 11/12/03 at 10:57pm
Check the internet as there were many stories on Livent between 1997 and 2000. A class action suit is now in the final stages.
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magruder
Broadway Legend
joined:5/15/03
Broadway Legend
joined:
5/15/03
re: re: re: Livent Scorecard#5
Posted: 11/13/03 at 8:39am
I believe Kiss of the Spider Woman lost money.
"Gif me the cobra jool!"
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JohnPopa
Broadway Legend
joined:6/16/03
Broadway Legend
joined:
6/16/03
re: re: Livent Scorecard#6
Posted: 11/13/03 at 8:58am
Didn't SFX end up producing 'Seussical' once Livent's problems came to a head?

And I believe 'Kiss' eventually made money from the tour. It lost money on Broadway, though.
Updated On: 11/13/03 at 08:58 AM
WOSQ
Broadway Legend
joined:7/18/03
Broadway Legend
joined:
7/18/03
re: re: re: Livent Scorecard#7
Posted: 11/13/03 at 9:31am
Additionally:
Candide - critically and financially unsuccessful
Barrymore - a hit
Show Boat - Critical success; did not fully recoup its cost

Plus Livent had the Canadian production rights to several shows like Phantom and Sunset Blvd. and I don't know whether they made back their costs or not.
"If my life weren't funny, it would just be true. And that would be unacceptable." --Carrie Fisher
sheekala
Broadway Star
joined:7/3/03
Broadway Star
joined:
7/3/03
re: re: re: re: Livent Scorecard#8
Posted: 11/13/03 at 9:46am
Phantom made back their investments in both the show and the refurbish of the Pantages Theater ten fold...it in effect set Livent up..and also created the culture of greed that doomed it.
You've got to spread joy up to the maximum Bring gloom down to the minimum Have faith or pandemonium's Liable to walk upon the scene
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TxTwoStep
Broadway Legend
joined:5/24/03
Broadway Legend
joined:
5/24/03
re: re: re: re: re: Livent Scorecard#9
Posted: 11/13/03 at 2:06pm
did KISS even lose money once Vanessa went in?
Will: They don't give out awards for helping people be gay... unless you count the Tonys. "I guarantee that we'll have tough times. I guarantee that at some point one or both of us will want to get out. But I also guarantee that if I don't ask you to be mine, I'll regret it for the rest of my life..."
Dramamama321
Swing
joined:11/6/03
Swing
joined:
11/6/03
re: re: re: re: re: re: Livent Scorecard#10
Posted: 11/13/03 at 2:17pm
I think Kiss was pretty much sunk when Maria Conchita Alonzo went in...
WOSQ
Broadway Legend
joined:7/18/03
Broadway Legend
joined:
7/18/03
Profits/Losses#11
Posted: 11/13/03 at 3:56pm
There are two breakeven figures when it comes to shows:

Weekly - a show has to gross a certain dollar amount to meet its weekly playing expenses: rent, salaries, royalties, etc.

Capitalization - which is the amount the show cost to open. Any monies over and above the weekly nut is operating profit and goes toward paying off the show's capitalization and once it is paid off, those monies become profits.

Kiss of the Spider Woman played mostly profitable weeks, but there were not enough weekly operating profits to cumulatively pay back the show's capitalization even after 2+ years. It is possible to play months and months at a weekly profit and still close at a loss. In fact it seems to be the norm these days.

Also Livent had a creative accounting scheme that while interesting and different was transparently a case of mis-stating assets. A show was not written off until it had closed for good. I wish I understood it enough to be able to recount the practices, but I can't.
"If my life weren't funny, it would just be true. And that would be unacceptable." --Carrie Fisher