Investors are being invited to grab a stake in the future shape of musical theatre in the UK through a new scheme launched by the production house, The Stable.
The Stable’s equity based Crowdcube campaign will offer genre fans the chance to buy shares in the company which is planning to commission, develop and produce ten new musicals over the next five years. As part of their investment, shareholders will be offered a front seat in the process that will take a musical from its original inception through to its world premiere and transfers.
At just over a year old, The Stable, which is headed by Neil Marcus, the former executive director of Mercury Musical Developments, has already received support from Ingenious Media and The Wellcome Trust. The Crowdcube Campaign will mark the start of the company’s next round of fundraising.
The Stable expects its revenue to come through box office income from world premieres; fees from licensing and royalties from transfers and touring productions; and revenue from recordings, merchandising and film rights. The Stable is an EIS company and offers the tax reliefs available under this scheme. There will also be a number of other incentives on offer for investors including a tailor made song to be written by one of The Stable’s team of writers.
With four new musicals in full development, the first of these shows will be produced in 2016. The musical version of Oscar Wilde’s The Happy Prince has just finished a successful performance workshop. The creative team attached to The Happy Prince includes musical theatre director Maria Friedman (straight from her directing success with High Society at the Old Vic), alongside choreographer Drew McConie, with a score by opera singer Hal Cazalet and book by Michael Barry.
Other musicals currently on The Stable’s slate include: The Wigmaker’s Tale by the acclaimed Tony Award-winning actor Douglas Hodge (who has just made his directorial debut on Broadway with Pinter’s Hard Times); Fanatical, a romantic comedy by Matt Board and Reina Hardy; and The Rhythm Method with a score by Gwyneth Herbert and book by Diane Samuels.