Also in this playlist...
This transcript is automatically generated
All -- Broadway is looking to diversify.
And we're not talking just about the shows on stage we're gonna let the money that keeps that -- show put them all the stage keep some balance.
Justin Stein is founder of the senate -- spine and she is joining me from Los Angeles -- thank you -- for being here.
Brought them here you have raised Joan and a couple of fines and it's a new wave of people to.
Investing for that backers to put up these shows just tell me a little bit about it.
-- -- Lee producers raise money for show is show by show which is at best an excruciating process.
I thought of that on -- hood make a little bit user friendly and give investors an opportunity to have.
By investing in a portfolio of shows and spread it among the diversified range of plays and musicals -- get to step into the world have a little bit of -- taste which is very very exciting.
And perhaps have.
Less risk with -- You're part you have money in legally blind but the number -- are tough when it comes to making money and ball probably the only one.
At every five shows.
It makes money that -- -- turns a profit at all.
Right exactly it's it's it's a tough market it's -- rolling market.
I have been.
As lucky in my career.
Return has been over 150%.
On the investments over.
Past couple of decades.
So you know if all of my investors have put money into every single show.
That everybody would have made their money back and a profit but you don't say it's.
That you don't think that's the kind of return that investors would get in your funds though they're they're much more mock us.
Yet to be -- I'm hoping it won't be so modest and hoping that the choices of the plays and musicals will really pan out and we will all enjoy a lot of success but the content people who invest in the theater.
Love the theater they love the experience I wanna get an opportunity to go to opening night they want to go to the parties they want to be informed about what's going on before the public knows that so.
Some of it is a more emotional investment because.
And you can invest in stocks and bonds which I do but nobody has invited me to a party.
For any of my stock investments so far.
-- -- did that name that people don't care if today make no money or even lose money as long as they get really good seats and get to -- -- with some.
Top actors and actresses.
I think some people feel that way I think when people go into -- theater investment.
They need to be prepared to lose that investment.
Everybody wants to make money nobody's -- to produce a flop and nobody makes an investment because they think it's going to lose.
Look at these do you get on -- -- these -- I get two and a half percent C and then there -- third party fees for legal and accounting but that's.
It's still pretty good.
So pretty good -- that would help -- -- working on now what do you put money into what it what can I expect to see here on on the stage.
But we have money in legally blonde we have an investment in the new musical nine to five which is opening in Los Angeles in September -- down Broadway next spring.
We have an investment in two shows I'm producing one of them.
It's called motherhood unplugged which is an anthology of monologues and dialogues.
About the experience of motherhood which is and forget that my eight -- partner Susan rose and I've been working on this for a couple years.
I'm also producing a musical based on the beautiful wonderful documentary -- -- ballroom.
And that is in the process of being written and looking at a couple of other.
Plays and musicals as well tough economy -- tough economy right now very tough economy very very tough economy after that you know what -- The news can be so dreary and investments are so scary and a lot of my investors do you know what -- I'd like a little bit of fun with my money.
I'm so tired of just you know looking at the news stocks rise and fall and go sideways and -- -- But if you haven't done instead they're going and hang it out in -- -- that door to see how many people are going into the show is that they have money yeah.
-- never got out of -- lover of flight it is that it it's exciting it's a very small thrilling world and I'm hoping to Medicaid to -- and two areas that have been problematic one of them is risk.
And the risk spread out over number of properties hopefully will be beneficial to the bottom line.
And the others access soon because it's hard to get -- to this world so.
-- -- -- -- -- -- -- -- -- And then going to see the shows but don't know what we're all paying Jud and thank you so much it was good to see Genzyme at the center stage fine thank you take care.
Filter by section