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Uk: A Slowdown In The Uk Economy Has Spelt Closures For Some Productions I...

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By Reuters

LONDON, ENGLAND, UNITED KINGDOM (OCTOBER 24, 2008) (REUTERS) (SOUNDBITE) (English) ALISTAIR SMITH, EDITOR OF THE STAGE MAGAZINE, SAYING: "I think Broadway has generally hit harder by the credit crunch than the West End. The reasons for that are probably a few of them, one is that Broadway shows tend to be a lot more expensive to put on than West End shows because there is higher financial risk there. Obviously investors they are looking for money to put in the shows in America have been hit harder with Lehman Brothers for example than investors in the UK have. Shows themselves are more expensive, costs are more expensive to pay out on Broadway." LONDON, ENGLAND, UNITED KINGDOM (OCTOBER 22, 2008) (REUTERS) VARIOUS OF DONMAR WEST END THEATRE, FEATURING "IVANOV" STARRING KENNETH BRANAGH VARIOUS OF THEATRELAND, THE DUCHESS THEATRE FEATURING "BUDDY HOLLY" PLAY CLOSE OF "PHANTOM OF THE OPERA" SIGN LONDON, ENGLAND, UNITED KINGDOM (OCTOBER 22, 2008) (REUTERS) (SOUNDBITE) (English) TERRI PADDOCK, EDITOR OF WHATSONSTAGE.COM, SAYING: "The received wisdom for theatre specifically that theatre does pretty well in recession. I think that has to do with something about that escapism. I think that, particularly in miserable times, there is something about going to a theatre, sitting in a room with hundreds of other people and sharing that and knowing that you're not alone. It has a very different atmosphere than going to cinemas, the live experience. I would hope they're not cutting that out. As I said they will be looking at ways to cut back but I don't think they'll stop going to the theatre." CLOSE OF SIGN READING "BOX OFFICE NOW OPEN" AT ROYAL HAYMARKET THEATRE
Dateline: 2008

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