NEW YORK — New York-based Dodger Prods., which produced “Titanic” and “1776,” has ponied up an undisclosed amount of cash to save the troubled Eaves-Brooks Costume Co., the nation’s oldest costume company, and one of its largest.
After the deal closes this week, two new costume companies will emerge: Dodger Costumes Ltd., which will focus on custom manufacturing, and Broadway Costume Rental Inc., which will provide rentals to theaters and TV production companies.
Terms of the deal were not disclosed, but sources say it “was a fire sale” and that Eaves was largely a specialty shop doing work for Ringling Bros. and Barnum & Bailey Circus and a number of ice shows. The infusion of cash into Eaves may allow it to get more steady Broadway work, such as it recently did for “High Society” and the revival of “The Sound of Music.”
The move is an unusual one for the usually production-focused Dodgers, but one that makes obvious financial sense. With well over 1 million costumes, the Eaves-Brooks acquisition will allow Dodger Prods. “to begin to provide for some of the costuming needs of our own shows,” said managing director Michael David. Eaves-Brooks executives could not be reached for comment.