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Student Productions, Part 3:
Funding
Like any endeavor you believe in, you're going to need to
spend some money to make some money. In this case, to break even.
As far as things go, this isn't complicated, just don't expect to make a lot
of money off of this, or anything actually.
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If your show requires that you acquire rights to put on a
show you must acquire them. There's no sneaking around this.
Chances are it will be found out that you haven't paid them then be prepared
for whatever comes. Instead talk to Mike Formato and whatever
publisher controls the work you want to present and see if you can get the
rights.
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The Department will front the money to acquire the rights to
put on your show (if applicable).
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The people organizing this (usually the stage manager,
director or producer) will spend their own money to purchase required
supplies (paints, costumes, programs, props, etc.) and will be reimbursed
out of the profits.
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After the box office takes their $.50 from each ticket sold.
The Department will be reimbursed for the money they fronted for the rights.
From whatever's left, whoever has spent money to make the show happen will
be reimbursed (assuming you remembered to keep all the receipts). The
crew can be reimbursed for up to $100 or half of the proceeds, whichever is
greater.
There exists the chance that even after all of this you
haven't made back all of the money you put into it. Sorry, welcome to
the business. What you can do is hold a fundraiser (The Guild can help
you with this) to help give you a little more cash to put towards this.
Be warned that you get reimbursed only for what you still have spend AFTER
you take into account the fundraiser. There's no having a fundraiser,
keeping all of the money from it and still asking for a reimbursement.
If your fundraiser was so successful that you don't need to ask for a
reimbursement, be happy. Then think of making a donation to the
Student Production fund to help other students run their shows.
Now that I may have confused all of you, let me give you
some examples. These work for any show even those that don't require
that you purchase rights. These are only examples. Your show
will probably vary.
Say it was a success:
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Box Office Returns (minus box office fee ($.50/ticket) |
$600 |
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Rights (-$100) |
$500 |
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50% of remainder |
$250 |
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Greater than $100 |
Yes |
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Maximum amount that can be reimbursed |
$250 |
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Amount added to Student Production Fund (for future use) |
$250 |
Now let's say it wasn't
|
Box Office Returns (minus box office fee ($.50/ticket) |
$600 |
|
Rights (-$100) |
$500 |
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50% of remainder |
$250 |
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Greater than $100 |
Yes |
|
Maximum amount that can be reimbursed |
$250 |
|
Amount added to Student Production Fund (for future use) |
$250 |
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