Center Theatre Group Invests in Broadway
Thanks to the Support of Founding Donors The Ahmanson Foundation, Terri & Jerry Kohl, Ellyn & William Lindsay, and Laura & Jamie Rosenwald, We’re Creating a New Nonprofit Theatre Model
Dear Evan Hansen. Something Rotten!, A Gentleman’s Guide to Love & Murder. Three of the most delightful Broadway shows of the past few seasons have two things in common: they made their Los Angeles premieres at the Ahmanson Theatre, and they were made possible by donations given to a discretionary fund to invest in Broadway-bound shows to ensure that they came to us.
In a challenging entertainment landscape where Center Theatre Group is competing with deep-pocketed, for-profit companies, we are constantly searching for new ways to remain competitive and best serve our Los Angeles audience and community. Thanks to the initial generosity of some leadership supporters—The Ahmanson Foundation, Jerry & Terri Kohl, William & Ellyn Lindsay, and Laura & Jamie Rosenwald—we’ve established the Broadway Investment Fund to do just that.
“For me, the Broadway Investment Fund is an opportunity that safeguards our future. In order to secure the best and brightest Broadway musicals for the audiences at the Ahmanson Theatre, Center Theatre Group must continue to support projects early in their development. Then, when the opportunity is right, be prepared to invest modestly in productions, thereby securing a ‘first right’ for shows touring through Los Angeles,” explained Center Theatre Group Producing Director Douglas C. Baker. “The Broadway Investment Fund gives Center Theatre Group a seat at the producers’ table that we would not have otherwise. I am forever grateful to our supporters for joining us in this exciting artistic effort.”
At the same time, this investment lends our backing to the artists we believe in and helps build lasting creative relationships for future projects, all while playing a part in creating a pipeline of bold new musical works on Broadway.
Currently, Center Theatre Group has investments in The Prom—which audiences and critics alike have been raving about and was nominated for the Tony Award® for Best Musical—and Hadestown, which won eight 2019 Tony Awards, including Best Musical. Other recent investments include Shuffle Along, which starred Audra McDonald, and American Psycho the Musical.
“It’s truly exciting to be a part of a great new musical at the earliest stages—in part because you never know what’s going to happen,” said founding Broadway Investment Fund donor and Center Theatre Group Board of Directors Treasurer William R. Lindsay. “As a real estate investor, I really enjoy having a hand in this kind of artistic investment, which ultimately has the potential to benefit our entire Center Theatre Group community.”
As any theatre lover in Los Angeles can attest, the Ahmanson is the city’s best house for musicals. In order to get the best musicals in the best house, we look to the continued support of our generous donors to join us in taking risks and getting behind the artists and shows we love from the very beginning.