Title
Theatre Troupe Spring Musical “Peter Pan” License
History
The Orland Park Theatre Troupe presents a musical production each spring held at the Carl Sandburg Performing Arts Center. The musical chosen for the 2014 spring production is “Peter Pan,” licensed through MTI Production. The musical is scheduled for April 24, 25, 26, and 27, 2014.
Licensing fees for the performances are $4,595.00 for three regular performances and the sneak preview. There are additional fees for materials, rental, and security that will be approximately $1,400.00. Projected revenue is $27,600, based on an average ticket price of $16.00 if 575 seats are sold per performance.
In order to promote the audition dates held in mid-January for the this production, the contract requires approval in December to proceed in a timely manner. Unfortunately, despite our best efforts, we were not able to secure the approval by the license holder until this past week.
This agenda item is being considered by the Parks & Recreation Committee and the Village Board of Trustees on the same night.
Financial Impact
The funds are available in FY14 account 283-4002-490470 in the amount of $5,700.00 for rights and royalties.
Recommended Action/Motion
I move to recommend to the Village Board to approve the contract with MTI Production and to approve fees not to exceed $5,995.00 for the production of “Peter Pan.”