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WM's avatar

I love thinking outside many current models! This kind of ideation is much needed.

A couple of thoughts/ questions

-are the productions back to back so that rental costs may be maximized—including insurance costs for the venue?

-what if an already existing company would like to invite TNM to co-pro—for instance, a place like Jack in Bklyn which has liberation ethos. Because where you rent the venue also attracts different members of the community. Who’s comfortable traveling to what neighborhood, how bad is the police presence, what are the public transport options?

-if subscribers skip a production are those tix made available to non-subscribers on a sliding scale?

-how do you prevent folks from trying to add enhancement money? Does enhancement for one show get divided equitably between all three shows?

-with runs of 16 perfs in a 2 week period are you looking at 8 show weeks?

-what makes this different from a fringe festival model—more runs, what else?

-your budget of 3k for 3 shows either means all the press happens at once for three shows or that it is 1k for each show. In NYC press reps that reach news outlets are often at least 5k+ (I’m not sure what clubbed thumb pays)

-who are these producers and how are they selected? How do these producers work with each other? Are you thinking one producer per show?

-books feel nice in your hand and on a shelf, but if you don’t print them, you do a downloadable version, that’s good for the environment and slashes pub costs significantly.

-what if we didn’t limit cast size, but said, here’s your equity approved budget for actors? What if we paid actors more than the minimum.

-You could look at National Queer Theater’s model during June at their Criminal Queerness Festival. They produced 3 plays for runs of five perfs each—I know we’re talking about 16 perfs per show, so that is a difference.

To be continued

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Stephen Simalchik's avatar

Very cool concept -- it's very broadway-adjacent. But there’s a red flag to factor in here: the moment you tell people their $180 will come back, you’re not just selling “memberships,” you’re selling an investment security, and that drags the SEC into the stich. It gets more complicated fast. I'm not an expert on any of this but with an MBA I know you’ll need the right corp entity, a brief SEC “offering” filed through a crowdfunding portal (eg, Wefunder), and a system for investor records + annual updates to the SEC. And you’ll prob want to factor in about 7-8 % of whatever you raise for the portal’s fee and maybe another few grand for a CPA, not sure if that’s needed. I think these portals handle all the K-1s or 1099s so you’re not mailing tax forms to 500 people. Also returning investor’s original $180 should be tax free, but if it goes above that they pay the tax. So I rec you book a consult with a securities-savvy lawyer or a broadway producer with deep domain knowledge of the investment security side and then rehash out the budget and operational plan. All this would be to protect yourself from violating SEC regulations. It's totally doable. You just have to wade thru a bit more shit!

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