ENTERTAINMENT NEWS
- New York Post
October 22, 1999
There were plenty of
rumblings on Broadway this week about a chunk of money falling out of the upcoming dance
musical "Swing."
But the producers of the
show, set to open next month at the St. James, insist the entire $5.6 million is in the
bank.
"The show is
absolutely fine," said producer Richard Frankel. "We are simply looking to sell
off some of our investment."
He wouldn't say how much,
but sources put the figure at $1.5 million.
Production sources say
Frankel was in a pinch because PACE Theatrical - producer of "Jekyll & Hyde"
- reduced its investment from more than $1 million to just $250,000.
Said Frankel: "There
are always discussions about the amount of money people are going to put in a show. When
they finally sign a contract, you live with the amount they've given you."
Miles Wilkin, the head of
PACE, said: "We saw a workshop of the show and we invested what we thought was
appropriate."
