The San Francisco Chronicle has pulled all the news about Bay Area theatres cutting their budgets, their staff and their seasons into one article. There’s two ways to read it: a depressing story about the economy hitting theatres hard, or an encouraging story about how theatres prepared for a downturn they knew was coming.
Some statistics from the article:
- American Conservatory Theater: eliminated three high-level management positions, reduced its budget by about $1.5 million, suspended its Second Stage and First Look productions.
- Magic Theatre: reduced staff and postponed one of its six shows until next season.
- Shakespeare Santa Cruz: 2009 season cut back from five shows to three.
- American Musical Theatre of San Jose: closed.
But the majority of the article focuses on companies that are doing okay, for now:
[M]ost local theater administrators had foreseen the need for extra-conservative planning. Most take a deep breath before saying their companies are in good shape — so far. “Tightened belts” is one of the most common metaphors in use. “Knock on wood” is another.
Read the rest here.