Today on the podcast, we continue to dance through life as many changes are coming and our thoughts are flooding our brains. That and the business as we look towards the end of the year.

In this episode of 'The Business of Theater', hosts Darnelle Radford and Mitch Weiss explore the multifaceted world of theater, discussing the cultural impact of the musical 'Wicked', the differences between live theater and film experiences, and the financial challenges faced by theater productions. They delve into the Edinburgh Fringe Festival's role in the theater landscape, the importance of effective budgeting, and the dynamics of nonprofit organizations in the arts. The conversation also highlights the challenges of board leadership and the need for accountability in theater management. In this conversation, Mitch and Darnelle Radford discuss the complexities of theater production, the challenges faced by emerging playwrights, and the importance of leadership in nonprofit organizations. They explore the writing process, the significance of understanding one's story, and the necessity of diverse theaters. The discussion also touches on practical steps for aspiring writers, the financial realities of theater production, and the journey of feedback and revision in the creative process.

TAKEAWAYS

• Wicked is a cultural phenomenon and a box office success.

• Live theater etiquette is crucial for a respectful audience experience.

• Financial success in theater often does not trickle down to the creators.

• The Edinburgh Fringe Festival presents both opportunities and financial challenges.

• Budgeting in theater requires realistic projections and accountability.

• Nonprofit theaters can be profitable but often struggle with management.

• Board members may lack the necessary oversight of theater finances.

• Theater productions often rely on donations to survive financially.

• The experience of attending theater can vary greatly among audiences.

• Leadership in theater organizations must be held accountable for financial decisions. A good leader and board are crucial for nonprofits.

• Many nonprofit board members may not realize their impact.

• The status quo in theater often goes unchallenged.

• Writers often work in isolation, which can hinder their growth.

• Understanding the essence of your story is vital.

• Diverse theaters are essential for representing various voices.

• Aspiring writers should utilize community resources for productions.

• The financial burden of theater production is significant.

• Feedback is a necessary part of the writing process.

• Theater costs need to be managed to make productions accessible.

CHAPTERS

00:00 The Business of Theater: An Introduction

05:53 The Experience of Live Theater vs. Film

11:57 The Edinburgh Fringe: A Double-Edged Sword

18:10 The Role of Nonprofit Organizations in Theater

28:03 The Role of Leadership in Nonprofits

35:21 Navigating the Writing Process

44:09 The Importance of Diverse Theaters

51:57 The Financial Realities of Theater Production