Cheap Seats, Staff Cuts on Tap for U.S. Nonprofit Theaters

Feb. 20, 2009, Bloomberg — U.S. nonprofit theaters are cutting staff and expanding discounts as they anticipate disappointing ticket sales and fundraising, according to a new survey by the Theatre Communications Group.

In a January survey of 210 member theaters, the group found 77 percent are “reprojecting” expenses for the coming year. Theaters with a budget of at least $10 million are cutting spending by an average of $750,000.