Tight Economy Foils Reprise, Symphony Gets Reprieve
LA’s Reprise Theatre Company, which has seen Seinfeld star Jason Alexander as its artistic director since 2007, has been forced to shut its doors due to lack of funding.
According to the Los Angeles Times:
It’s officially curtains for Reprise, the Los Angeles theater company founded in 1997 that has brought numerous musical revival productions to the Freud Stage at UCLA. The company, which has been on hiatus since early 2012, cited its inability to raise funds for the decision to permanently shut down.
An email to Reprise subscribers said in part:
We spent the past sixteen months on hiatus to explore different sources of funding, possible new venues, and the potential of expanding our programming. While we discovered many exciting possibilities, we ultimately concluded that sustained funding was not available to us, and we made the difficult decision to cease operations.
You can read the Times‘ article here.
Meanwhile in Nashville, the city’s Symphony Orchestra has received a financial reprieve that will allow it to continue making music.
The Tennessean newspaper reports:
The Nashville Symphony Orchestra has worked out a last-minute deal to pay off its lenders and avoid the auction of its $123.5 million concert hall.
The agreement comes just four days before an auction was scheduled for the sale of the Schermerhorn Symphony Center, the orchestra’s landmark home.
A $20 million refinancing mortgage was issued through the Registry of Deeds office, the newspaper noted. That released the symphony’s association from its $80 million previous mortgage.
Read The Tennessean article here.