Disney execs meet today in Burbank to discuss the fate of Broadway’s “Beauty and the Beast.”
Alan Levey, the show’s general manager, spoke Wednesday to heads of six IATSE locals in Gotham to seek labor concessions for the troubled musical, which grossed only $312,188 last week. Tuner took in $509,036 the week before the terrorist attacks on the World Trade Center. Levey put the show’s break-even at $450,000.
The Intl. Alliance of Theatrical Stage Employees has already accepted 25% pay cuts for its members working on seven Broadway shows. “The Music Man” is the most recent addition to that list.
Asked for extended cuts
The current labor concessions are for four weeks only. In his discussion with IATSE, Levey reportedly asked for six weeks but with the stipulation that the union members would be reimbursed for any week that the show’s gross topped $450,000. IATSE heads refused to consider any concession lasting longer than four weeks.
Levey takes the case to Disney chairman and CEO Michael Eisner today.
IATSE has also opened discussions with the producers of “Proof” and “The Tale of the Allergist’s Wife” regarding possible future concessions. Last week, the two plays each grossed around $250,000, their respective break-even marks.