Cameron Mackintosh reports dip in profits

[Lot666]

Posted: 1/2/25 at 3:35pm

West End producer Cameron Mackintosh reports dip in profits

"Mackintosh’s eponymous company...reported profits of £43.2m for the year to the end of March 2024, down on the £45.4m it made in the previous 12 months...Mackintosh built his fortune by producing the original performances of Les Misérables, Miss Saigon, The Phantom of the Opera and Cats, and holding on to some, or all, of the rights of his global hits."

[Lavieboheme3090]

Posted: 1/2/25 at 4:11pm

"the average number of staff across the year grew from 1,074 to 1,136. While total staff costs rose from £62m to £76m, the company said it was maintaining margins, which may have been helped by ticket price increases."
 

Hiring more staff and paying them more.

[CATSNYrevival]

Posted: 1/2/25 at 4:15pm

Angel of mercy.

[TheatreFan4]

Posted: 1/2/25 at 6:07pm

One of the richest Theatre Producers in the world making making 2 Million less Pounds this year than last is enough for a whole article and photoshoot spread? Okay...

[Kad]

Posted: 1/2/25 at 6:12pm

He is literally a billionaire.

[Wick3]

Posted: 1/2/25 at 7:06pm

This makes sense since Phantom’s last year on Broadway (2022-2023) was $$$.

[Theatrefanboy1]

Posted: 1/2/25 at 7:16pm

Shouldn’t have closed the greatest thing he’s ever produced 

[HogansHero]

Posted: 1/3/25 at 1:17am

Although it has a few interesting tidbits, this story is really a nothing burger. A 5% drop in profits (note please that it is profits and not revenue that is being reported in this article) is immaterial unless you are surviving on fumes (which, as noted above, he is not). Differences of that scale can have many reasons but I suspect that it is a function of exchange rates, interest rates, or something else that has to do with accounting and nothing to do with producing per se.