Investments?

[inick122492]

Posted: 9/9/09 at 8:54pm

My dad is thinking about investing in Addams Family.
a. Are they still accepting (assuming yes... it's money)
b. how would I go about this?

Please no smart@$$ comments.

[Yankeefan007]

Posted: 9/9/09 at 9:02pm

So he's willing to throw money at THE ADDAMS FAMILY musical, even though he hasn't been asked to and doesn't know where to go?

[Just_John]

Posted: 9/9/09 at 9:03pm

Why doesn't he give it to Spider-man?

[Scarywarhol]

Posted: 9/9/09 at 9:08pm

I'd totally plunk down ten bucks on Spider-Man. We know they need it and I just want to see the damn thing.

[inick122492]

Posted: 9/9/09 at 9:09pm

I'm not giving a goddamn dollar to Spiderman
Mind you, I have e-mailed Nederlander on the "contact-us" thing and am wondering if that was right place to get through?

[Yankeefan007]

Posted: 9/9/09 at 9:10pm

I thought it was your dad.

[inick122492]

Posted: 9/9/09 at 9:12pm

Well I'm doing the dirty work... And again not giving a dollar to Spiderman.

[wonkit]

Posted: 9/9/09 at 10:08pm

If it is in rehearsal, the financing is pretty much in place already.

[clarkstallings]

Posted: 9/10/09 at 1:45am

Is your father an "Accredited Investor?" Odds are he needs to be one before any producer would be willing to talk to him (helps the producer cover his or her rear-end in the likely case that the show never returns anything to the investors.)

Anyway, there are actually many hoops involved with investing in a Broadway show, despite the stories one hears about shows having problems with financing. For legal reasons, producers usually don't let just anyone put money in a show.

[blaxx]

Posted: 9/10/09 at 2:04am

Mind you, I have e-mailed Nederlander on the "contact-us" thing and am wondering if that was right place to get through?

You sent an e-mail saying: "My dad is thinking about investing in Addams Family, are you still accepting?"

Yeah, that will do.

[dramamama611]

Posted: 9/10/09 at 2:28am

As stated above....there are a lot of technical hoops to jump through before one can invest in b'way shows. And while I foget the figure, there is even a minimum amount that can be invested....and it's quite a bit. It's not like buying public stocks from a broker.

The ONLY advice I can give you is to start by googling B'way Investing and learn all that you can.

And I'll reiterate one more thing: most likely a show that has started rehearsal is always fully funded.

[PastorErnst]

Posted: 9/10/09 at 8:23am

Like what clarkstallings said, Broadway producers will only talk to you about investing if you're an accredited investor. That means your father needs to have a net worth exceeding $1-million or he has to be earning more than $200,000 for the last two years (or joint spousal income of more than $300,000 for the last two years) with an expectation of earning at least that much in the current year. Even if he does meet that criteria, Broadway producers are unlikely to invite investors without some form of a prior relationship... unless you're the Spider-Man production and in dire need of some more cash flow.


Updated On: 9/10/09 at 08:23 AM

[WOSQ]

Posted: 9/10/09 at 10:07am

After all those hoops have been investigated and cleared:

Forget Nederlander and contact the General Manager**, whoever that might be.

Do it by letter (no email, no telephone) and said letter really ought to be signed by the interested party (in this case, Dad). Your inquiry ought to ask if the production is still seeking investment, what a share in the production would cost and if a prospectus is available for perusal.

The letter doesn't need to be long at all. It is an inquiry.

CC at least the lead producer** (whoever that is) if not all the co-producers**.

** The GM and the producing team might be on the show's website. They would definitely be in the Theatrical Index. Is that even still published?

[tourboi]

Posted: 9/10/09 at 12:49pm

Actually they don't NEED to be an accredited investor. Most show LLC's have room and allow for a few non accredited investors.

[wonkit]

Posted: 9/10/09 at 1:53pm

You have to be able to sign an investment letter in which you make the representations as to net worth/annual income and ability to absorb a complete loss of your investment. While the securities laws (what we are really talking about here) allow for up to 35 non-accredited investors, producers do not customarily accept non-accredited investors. That is a safety net if people don't in fact meet the criteria that they represent they meet.

Since productions normally expect to be exempt from the securities laws, BTW, there is usually no prospectus as that is created to meet the registration requirements that private offerings claim to be exempt from.

Here endeth the lesson in federal securities regulation.

[tazber]

Posted: 9/10/09 at 2:08pm

This is a joke, right?

I mean, why would a potential producer ask this on a message board?

Lol!

[StageManager2]

Posted: 9/10/09 at 2:15pm

I say, give the money to charity instead where it'll do some good!