TORONTO — Revenue for Canadian performing arts companies reached the C$1 billion mark ($726.2 million) in 2001, up 11% from the previous year, according to a new report from Statistics Canada.
“For us, 2001 was an amazing year,” Mirvish Prods. spokesman John Karastamatis told Daily Variety.
“Mamma Mia!” and “The Lion King” had opened in 2000, and by 2001 they were selling out nightly, he said. “They had really hit their stride.”
Mirvish Prods. is the largest contributor to the study.
Karastamatis added that 2002 was just as strong. “It’s 2003 with the SARS situation (where) life has gotten a bit more difficult.”
Performing arts companies, including theater, opera and dance, also enjoyed a jump in operating profits from 3.5% to 5.5% in 2001.
The study does not include the not-for-profit sector of the industry.