TCG Public Resources

Theatre Facts 2006 

10-30-2019 15:12

♦ Theatres contributed over $1.67 billion to the economy in the form of salaries, benefits and payments for goods and services (p. 2).
♦ A majority of theatres have operated in the black since 2004, and more theatres had positive CUNA in 2006 than in any of the past 5 years (pp. 3-4, Figures 1 and 2).
♦ Total ticket income grew 6% over the past 5 years, but it was not enough to keep pace with inflation. In contrast, total earned income growth exceeded expense growth, with earned income rising 8% in the past year alone and outpacing inflation by 17.8% over the 5-year period (p. 5, Table 2).
♦ Average endowment earnings were at a 5-year high in 2006, increasing 33.5% in the past year and more than 600% over 5 years (p. 5, Table 2).
♦ Occupancy/building, equipment and maintenance costs increased each year, rising 34% above inflation over 5 years—the greatest percentage increase of all expenses (pp. 7-8, Table 4).
♦ Average total public funding covered 2% more of expenses in 2006 than in 2002 despite double-digit reductions in funding from every level of
government from 2005 to 2006 (pp. 10-11, Tables 7 and 8).
♦ Working capital was negative in each of the 5 years and at its worst in 2006 (pp. 12-13, Tables 9 and 10).
♦ Although total attendance declined 8% and subscriptions continued to drop with 7% fewer subscription tickets purchased over 5 years, attendance and ticket sales were on the rise from 2005 with attendance increasing by 1.3% and single tickets sales rising 9%. Subscription ticket sales from 2005 to 2006 remained unchanged (pp. 14-16, Tables 11, 12 and 13).

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