Broadway Theatre House owners Jujamcyn and Ambassador Theatre Group Joining Forces
The shift will develop the U.S. footprint of ATG, a single of the U.K.’s leading theatre landlords.
Ambassador Theatre Group has agreed to combine functions with Jujamcyn Theaters, for every a report in The New York Times. The deal, topic to regulatory acceptance, would broaden the Broadway footprint of ATG, one of the U.K.’s premier theatre landlords.
The British enterprise is a rather new confront on Broadway, owning taken about administration of the Lyric Theatre (then the Foxwoods) in 2013, now dwelling to Harry Potter and the Cursed Kid. The group included the previously darkish Hudson Theatre (currently home to a new Jessica Chastain-led revival of A Doll’s House) to its roster in 2017. The firm’s greatest existence is in the U.K., where by it handles 10 West End theatres and 27 regional homes. The group furthermore operates 14 regional houses in the U.S. (including Boston’s Emerson Colonial) and 5 other venues across Europe.
Jujamcyn has lengthy operated as Broadway’s smallest theatre proudly owning team, controlling just five theatres: the August Wilson (at this time household to Humorous Lady), the Walter Kerr (Hadestown), the Al Hirschfeld (Moulin Rouge!), the Eugene O’Neill (The Book of Mormon), and the St. James (soon to be New York, New York). The deal provides the new conglomerate within hanging length of the Nederlander Organization, which handles nine theatres on Broadway, 15 U.S. regional properties, and 3 West Conclusion venues but The Shubert Organization will remain Broadway’s premier landlord with a staggering 17 theatres. The Shuberts also handle the Forrest Theatre in Philadelphia and Off-Broadway’s multi-stage New Get the job done Phases and Stage 42.
Present-day Jujamcyn President Jordan Roth will reportedly come to be inventive director of the new company as nicely as its major unique shareholder, earning him a place on the board. The New York Moments also cites Providence Equity Associates and Australian T.E.G. as institutional shareholders.
The deal also has the probable to modify the landscape of the Broadway period. ATG’s Lyric and Hudson Theatres have notably been house to U.K.-originating and/or funded productions the Lyrics’ Harry Potter and the Cursed Little one transferred to Broadway by way of London’s West Stop and British producer Sonia Friedman, even though the Hudson’s A Doll’s Property, a new creation, is led by British director-producer Jamie Lloyd. Could we see a further British invasion?
Not all Broadway theatres are owned by huge companies. Six venues are operated by non-revenue, including the Stephen Sondheim, Studio 54, and The American Airways by Roundabout Theatre Company the Vivian Beaumont by Lincoln Center Theater the Hayes by Second Phase Theater and the Samuel J. Friedman by Manhattan Theatre Club. Disney controls the New Amsterdam, now household to its Aladdin, and Circle in the Square is independently owned.