This is total supposition on my part, so if anyone knows more, please feel free to correct me -- but I would guess - if a producer can successfully file an insurance claim due to closing related to the coronavirus, the entire production would have to close finitely.
I'm guessing if the producer wanted to bring the production back, he would essentially have to create a new production LLC, and raise all funds again from scratch. In other words, on paper, a return would have to be a 'different' production. And in such a scenario, while the budget might be less (if they are able to recycle sets, costumes, and previously employed actors who require less rehearsal time) they would still have to raise the funding anew.
Sure, some of the investors who put in the first time might come back on board (especially if they essentially made their money back from an insurance claim) but -- and this is also the business side of the theatre -- producers like Scott Rudin have also been able to see (pre-coronavirus scare) how a production like VIRGINIA WOOLF was selling. If they gleaned that it likely wasn't going to return on its investment in any situation, they may simply be good to move on.
It sounds like this staging was a total triumph for Metcalf. I wouldn't be surprised to see her revisit the role at some point, but perhaps not again on Broadway.
Updated On: 3/21/20 at 11:02 AM