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Pittsburgh Theatres Explore Merger to Combat Financial Challenges

Pittsburgh‘s Three ⁣Major⁣ Theatres Consider Merger Amid Financial⁤ Strain

Pittsburgh,PA – pittsburgh Public Theater,Pittsburgh ⁣CLO,and City Theatre Company are exploring a potential⁢ merger,a move prompted by important financial challenges,according to a report obtained by the‌ Pittsburgh Post-Gazette.A study by New York-based arts consulting firm Keene Consulting revealed all three organizations are ⁢projecting ⁤near or mid-term financial failure based on their ‍own reports.

Keene Consulting recommended consolidating⁢ the​ three companies ⁣under a single organizational structure, governed by a ‌unified board and led by three artistic directors-one for each existing company.

The theatres released a joint statement acknowledging the​ early stages of a “highly inclusive⁢ process centered on‌ listening, research, ⁢and data,” anticipating​ a timeline of several months. this initial phase will be ⁤followed by a further⁣ $400,000 study ‍to assess​ the legal and logistical feasibility of a merger. Consolidation would likely result in fewer performances and reduced staffing ‌levels. Pittsburgh ⁢Public and Pittsburgh CLO currently operate with annual budgets of approximately $8‌ million each, employing​ 33 and‌ 35 staff members, ⁤respectively. City Theatre’s budget is around $3.5 million with a ⁤staff of 23.

The theatres’ statement emphasized a commitment ⁣to considering the impact on artists,‌ patrons, and staff, stating the path⁣ forward “will ultimately be driven by you and ⁢the community we serve, not consultants.”

Industry newsletter ​ Nothing for the Group noted a previous collaboration‌ between City ‌Theatre ​and Pittsburgh CLO-a 2021 co-production⁤ of ⁣Matt‌ Schatz’s An Untitled New Play by Justin Timberlake-as an example of the growing trend toward resource sharing driven by⁤ financial pressures. Author Lauren‍ Halvorsen observed that such collaborations are “inevitably” leading to more permanent structural partnerships.

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