Australia’s STC hits a bump

Box office was $11 million

SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000).

Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income.

Box office was $11 million, STC’s second-highest ever, and sponsorship and philanthropic income rose 9%.

Chairman Ian Darling said, “The deficit is a clear reflection of long-term structural financial challenges.”

There were three sold-out runs during 2007: “The Season at the Sarsaparilla”; “Blackbird,” directed by Cate Blanchett; and “Riflemind,” directed by Philip Seymour Hoffman.

The Melbourne Theater Company’s production of “The 25th Annual Putnam County Spelling Bee” in the 800-seat Sydney Theater took in more than $2 million, a new STC box office record.

Blanchett and Andrew Upton took the company’s helm earlier this year, overseeing the final season programmed by departing topper Robyn Nevin.

So far, in 2008, subscriptions are down 10%, but increased single-ticket sales are partly making up that shortfall, with a season rich in new works and vast, war-themed epics that signal further cost increases for the company.

MTC, in contrast, reports subscriber figures at a five-year high, an increase of 22% in philanthropic activity and its eighth successive budget surplus in 2007.

More Legit

  • Farinelli and the King Broadway

    Broadway Box Office: 'Farinelli and the King' Makes Royal Debut

    SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000). Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income. Box office was $11 million, […]

  • Downtown Race Riot review

    Off Broadway Review: Chloë Sevigny in 'Downtown Race Riot'

    SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000). Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income. Box office was $11 million, […]

  • Goats review

    London Theater Review: 'Goats'

    SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000). Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income. Box office was $11 million, […]

  • Describe the Night review

    Off Broadway Review: Rajiv Joseph's 'Describe the Night'

    SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000). Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income. Box office was $11 million, […]

  • Stagecraft podcast Julie Taymor David Henry

    Stagecraft Podcast: Julie Taymor, David Henry Hwang Talk 'M. Butterfly' and Gender in 2017

    SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000). Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income. Box office was $11 million, […]

  • Di Glazer

    ICM Names Di Glazer Co-Head of Theater Department

    SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000). Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income. Box office was $11 million, […]

  • Broadway

    Broadway Producers Accuse Casting Directors of Conspiracy in New Lawsuit

    SYDNEY — The Sydney Theater Company recorded numerous wins last year, but its annual report published this week reveals it still posted a deficit of A$253,000 ($240,000). Result is the third successive shortfall for the company, with rising costs and ambitious programming outstripping gains in box office and other income. Box office was $11 million, […]

More From Our Brands

Access exclusive content