Earlier this week, UK-based Stable Musical Theatre launched an equity crowdfunding campaign on Crowdcube to raise funds for new musical productions.
The company, which was launched in 2014, was notably created to commission, develop and produce musical products. It is currently aiming to produce ten new musicals in the next five years.
The Stable crew noted:
“Unlike traditional theatre investment, where financial returns rely on the success of a specific show, investment is in The Stable Musical Theatre UK Ltd, which holds the rights to all of our productions, therefore spreading the risk.”
It was revealed that over the eighteen months, the Stable has produced Maria Friedman and Adam Guettel in Concert and Conversation at the Ambassadors Theatre in the West End. It also presented developmental workshops of two musicals Fanatical and The Happy Prince.
While sharing details about its past collaborations, the company explained:
“We have worked closely with The Kevin Spacey Foundation as judges on their Artists of Choice Initiative (Musical Theatre) and are working with the Royal Academy of Music and Mountview Drama School on initiatives that help nurture new writing.
“Last month we were awarded a grant from The Wellcome Trust for the development of a new musical The Rythm Method by Gwyneth Herbert and Diane Samuels.”
In regards to what the campaigns funds will be used for, the crew added:
“Monies used from the Crowdcube campaign will be used to rigorously develop and workshop the productions we have commissioned to date. This includes collaborating with actors, musicians and a creative team to read and perform material being written and inviting industry and public feedback as to what works and more importantly what doesn’t to inform the next draft. A musical can take a number of years to write and refine before it is ready for a public outing.
“We already have three shows in development the first of which is planned to go into production in late 2016 and have just commissioned The Wigmaker’s Tale by celebrated actor/director and songwriter Douglas Hodge and Bryony Lavery (Frozen/Treasure Island at The National).”
The campaign is set to close at the beginning of December.
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