BroadwayConcierge said: "Fosse76 said: "How would the Shuberts be losing any money?
When a theater doesn't have a show to bring in ticket sales, its owners incur losses for a number of reasons, perhaps most obviously the fact that they don't have immediate revenue for house essentials like lighting, heat, A.C., etc.
The Shuberts don't lose any money from a closed house. In fact, they'd rather have it empty than have a production in there that is flopping. Other than minimal heat in the winter, there are no expenses incurred with a dark theater. No electricity is being used, and no cleaning/upkeep occurs. And they don't pay taxes on empty theaters.
@Fosse76 "The Shuberts don't lose any money from a closed house. In fact, they'd rather have it empty than have a production in there that is flopping. Other than minimal heat in the winter, there are no expenses incurred with a dark theater. No electricity is being used, and no cleaning/upkeep occurs. And they don't pay taxes on empty theaters. "
Not one single phrase in the above is accurate. The cost of being dark is substantial, and no landlord loses money allowing a flop to run. No exceptions to either. Best not to post about something you don understand.
I doubt very seriously that taxes stop simply because no show is playing at the theater. Taxes continue as they own the theater . During the winter, they have to send heat in the theater. In especially cold weather, heat has to be sent thru the pipes to keep the theater in good working order, show or no show. The interior will suffer if it is below a certain temperature.I have seen enough damage to the plasterwork in old theaters that had no heat sent thru them in bitterly cold winters.
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Mr Roxy said: "During the winter, they have to send heat in the theater. In especially cold weather, heat has to be sent thru the pipes to keep the theater in good working order, show or no show. The interior will suffer if it is below a certain temperature.I have seen enough damage to the plasterwork in old theaters that had no heat sent thru them in bitterly cold winters."