PeterC6482 said: "Shubert must have invoked the stop clause already."
The stop clause is a legal term and it's rarely ACTUALLY used. "It's time to close" is usually a conversation between the landlord (Bob Wankel in this case) and the producer, with the landlord basically saying "you need to play your final performance by X date and announce by X date, because we have another tenant coming in." And it doesn't need to be as dire as stop-clause territory to do that.
A threat of "we will use the stop clause if needed" is enough for most producers to post closing, but it usually doesn't have to get that extreme. More often than not, the producer and landlord are on the same page. Producers don't want to piss off the landlord –– and they also don't want to bleed money. Beetlejuice and Side Show were unique situations because high-profile shows were booked.
In this biz, a LOT of business is done by handshakes, phonecalls, and lunches at Orso.
Updated On: 6/2/22 at 11:55 AM