FOR IMMEDIATE RELEASE
ACTORS THEATRE TO CEASE OPERATIONS, LIQUIDATE ASSETS
PHOENIX, Ariz. (Dec. 19, 2014): Actors Theatre, which has produced compelling, thought-provoking and often edgy plays for nearly 30 years, is closing its doors.
The Board of Directors has unanimously voted to cease operations and liquidate the professional theatre company over the next 30 to 60 days.
“The simple truth is we’re out of money,” said Actors Theatre Board President Renee Gerstman. “This was not the result of a single event, but a combination of factors, primarily based on the fact that revenues – both earned and contributed – did not meet expectations and we found ourselves in a cash-flow crisis.”
Producing Artistic Director Matthew Wiener said that artists and staff involved the scheduled productions of Annapurna, Stage Kiss and The Year of Magical Thinking started receiving notification of the shut down on Thursday.
“As we were preparing to produce Annapurna, we looked at the situation to determine how best to move forward,” he said. “We realized that what Actors Theatre does and, most importantly, the way we do it is not sustainable in our community at this time. Among our strongest guiding principles is to pay everyone – and that includes artists and arts workers – a living wage. The economic dignity of all of our artists and arts workers is one of our highest values, but our donor base and individual and season ticket sales were not substantial enough to provide the financial resources to support the cost structure of professional artists to the degree it needed to be.”
Gerstman said the company will “work through outstanding obligations to the best of our ability during the next 30 to 60 days. We also know we will receive questions about tickets that have been purchased. Though we would like to say we will refund those tickets, we simply can’t. We’re hoping that our patrons and supporters will consider taking the expense as a tax deduction after consultation with their accountants or CPAs.”
Wiener, who has been artistic director for 19 years, said that “the company made great strides and many changes over the past two years and we heard from a broad base of individuals that Actors Theatre is important. Unfortunately, while we agree with those opinions, they did not translate into the revenue necessary to sustain the organization and we were unable to significantly improve our financial position.”
In a joint statement, Wiener, Gerstman and Black expressed their “deep and abiding gratitude for the support of our loyal patrons and those individuals, organizations and businesses who stood behind us. We are also incredibly humbled to have been able to work alongside a remarkably talented group of artists and staff to bring to the stage the type of productions that matter.”
“We are incredibly proud of Actors Theatre’s legacy over nearly 30 years.” Wiener added. “We know that many patrons left most of our productions affected by and talking about what they saw on stage. Perhaps we will again see those or similar productions and the high professional quality of what went on both on and behind the stage. In the meantime, and in spite our deep, deep sadness at this time, we do know that there are many great arts and cultural opportunities in the Valley. Perhaps we will be part of them again sometime in the future.”
Steve Carr, The Kur Carr Group, Inc.
The mailing address for our administrative offices are:
PO Box 1924
Phoenix, AZ 85001