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    Second City Is Sold to Private Equity Group

    #masthead-section-label, #masthead-bar-one { display: none }At HomeBake: Maximalist BrowniesListen: To Pink SweatsGrow: RosesUnwind: With Ambience VideosAdvertisementContinue reading the main storySupported byContinue reading the main storySecond City Is Sold to Private Equity GroupThe comedy company has faced intense criticism over race and had committed to restructuring. The new owner, ZMC, said it would not abandon this plan.Second City, in Chicago, also has outposts in Hollywood and Toronto. “We are very excited to partner with management and the incredible talent at The Second City to grow the brand and build a diverse organization,” ZMC said in a statement.Credit…Danielle Scruggs for The New York TimesFeb. 18, 2021Updated 4:02 p.m. ETSecond City, the storied comedy theater, which for more than half a century has helped define American humor, was sold to a private equity group on Thursday, the company said in a statement. The group, ZMC, run by Strauss Zelnick, invests in media entities; Zelnick is also the chief executive of Take-Two Interactive Software, the video game conglomerate behind Grand Theft Auto.It is the first time Second City, which is based in Chicago and has outposts in Hollywood and Toronto, has changed ownership since the 1980s, when Andrew Alexander, a producer and former head of the Toronto location, took over as co-owner and chief executive. Since it opened in 1959, Second City has helped ignite the careers of Tina Fey, Stephen Colbert and Keegan Michael-Key. Pre-pandemic, it was almost certainly the largest live comedy business in the nation, with more than 700 full- and part-time employees, and an Actors Equity stage contract. The sale price was not disclosed but was estimated at around $50 million, according to The Financial Times.In the statement, Steve Johnston, the president of Second City (also known as The Second City), said, “We are thrilled to work with ZMC as we continue to transform the company into an equitable and thriving environment while delivering world-class comedy to our audiences.”The move comes as Second City is grappling with a business drop-off caused by pandemic shutdowns. It curtailed its in-person shows, tours, classes and corporate workshops — a big part of its business — though the theater aimed to rebound with online comedy and digital content. When Alexander announced that he was looking for buyers last October, he said it was “time for a new generation with fresh ideas to take the company to the next level.”Second City also has been trying to restructure itself after intense criticism over its handling of race. Alexander, who had been involved with the theater for nearly 50 years, stepped down abruptly last summer after Black performers publicly detailed their experiences of being stereotyped and demeaned. A series of open letters from artists and staff members of color then outlined complicated and expensive steps for the theater to combat institutional racism, and Second City leadership agreed to make wholesale changes.“We are prepared to tear it all down and begin again,” the theater’s leaders wrote in an open letter. They appointed a new interim executive director, Anthony LeBlanc, the first Black leader in the company’s history, and took many other measures, even as its performance spaces remained closed.The announcement of the sale suggested that ZMC would not abandon this plan. “We are very excited to partner with management and the incredible talent at The Second City to grow the brand and build a diverse organization that elevates all voices,” Jordan Turkewitz, co-chief investment officer and managing partner at ZMC, said in the statement.AdvertisementContinue reading the main story More

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    With No Tickets to Sell, Arts Groups Appeal to Donors to Survive

    #masthead-section-label, #masthead-bar-one { display: none }The Best of 2020Best ComedyBest TV ShowsBest BooksBest MoviesBest AlbumsAdvertisementContinue reading the main storySupported byContinue reading the main storyWith No Tickets to Sell, Arts Groups Appeal to Donors to SurviveVirtual cocktail parties have replaced black-tie galas as cultural institutions struggle to pay their operating costs.Many nonprofit cultural institutions, whose ticket revenues have fallen sharply during the pandemic, are struggling to collect donations as well. A donation box at the Metropolitan Museum of Art.Credit…James Estrin/The New York TimesDec. 28, 2020One of the headliners of the New York Philharmonic’s fall gala last month was Leonard Bernstein, leading his old orchestra in the overture to “Candide.”Yes, Bernstein died three decades ago. But since the gala, like so much else, was forced to go remote, the Philharmonic had some fun with the format, filming its current players performing to historical footage of Bernstein wielding his baton. The virtual gala had some advantages: it cost less to produce, with no catering, linen rentals and flower arrangements for a black-tie audience, and it reached some 90,000 people, while the concert hall holds around 2,700.But when it came to the bottom line, the picture was less rosy. The virtual event raised less than a third of what the gala concert took in last year: $1.1 million, down from $3.6 million, a vivid illustration of the steep challenge of raising money for the arts during a global pandemic.With little or no earned income coming in amid canceled performances and proscribed public gatherings, nonprofit cultural institutions across the nation are scrambling to attract a source of revenue that is often even more important to their bottom lines: philanthropy. Now, as they anxiously await the results of their year-end appeals for donations, they are facing competition from pressing causes including hunger, health care and social justice.“I am pedaling quickly to try to make sure that we can try to figure out how to make it through,” said Deborah F. Rutter, the president of the Kennedy Center in Washington, which ended its fiscal year on Sept. 30 with a $500,000 deficit compared to last year’s balanced budget. “We are heavily dependent on contributed revenues to survive.”The going has, indeed, been rough. Box office revenues for many institutions have fallen off a cliff: ticket sales for performing arts groups in the United States were down 96.3 percent in November compared to that month last year, according to a report released last month by the analytics group TRG Arts. And donations do not appear to be making up the difference.Despite an outpouring of contributions when the virus first struck, individual giving to arts organizations fell by 14 percent in North America during the first nine months of the year, the group found in another report. The average size of gifts from the most active, loyal patrons fell by 38 percent, the survey found.With live performances and large events canceled, arts groups have had to move their fundraisers online. Clockwise from upper left: Zadie Smith at the BAM Virtual Gala, Meryl Streep during Equality Now’s Virtual Make Equality Reality Gala, Cate Blanchett at the BAM gala and Aubrey Plaza at the Equality Now event. Credit…Getty Images for BAM (Smith and Blanchett); Getty Images for Equality Now (Streep and Plaza)A survey of performing arts administrators by the publication Inside Philanthropy found 45 percent reporting “reduced funder interest and resources as a result of the current shifting of funds for Covid and racial justice.”The outbreak has forced institutions to find creative ways to interact with donors: virtual cocktail parties, music quizzes, meet-the-musician online events.“It’s a long way to make up for the gap, and I think we should all be realistic about the fact that this is nowhere near a substitute,” said Henry Timms, the president of Lincoln Center, who helped develop #GivingTuesday in 2012, a day to encourage philanthropy on the Tuesday after Thanksgiving. But he added that “when the traditional fund-raising vehicles return, a lot of us will have also learned some new digital tricks.”Among those tricks: New York City Center has invited audiences to “Make Someone Happy” this holiday season by sending as a gift (for $35) digital access to its Evening With Audra McDonald, available on demand through Jan. 3. And earlier this month, Ars Nova, an artists incubator in New York, raised more than $400,000 during its 24-hour livestream telethon, which featured more than 200 artists.Museums are struggling to raise funds in the absence of events, and because they were forced to close during the first few months of the pandemic. “We count on the front door for about 30 percent of the budget, so to lose that in one fell swoop is perilous,” said Richard Armstrong, the director of the Solomon R. Guggenheim Museum, which is projecting a $13 million deficit and had to cancel a potentially high-traffic Joan Mitchell touring retrospective because the timing no longer worked.Rather than pivot to a virtual gala, the Guggenheim decided to scrap that event altogether — instead inviting donations to a “Gala Fund” — in part because of Zoom fatigue and because online programming had not been a strong point.“We were a little far behind on virtual previously, so we had to catch up and we’re still figuring that out,” Mr. Armstrong said. “We certainly put out a lot of content in the seven months. We’ve learned, I think better, how to make the online museum more comparable to the physical space.”New York City Ballet and the School of American Ballet typically hold a benefit each year after a Saturday matinee of “George Balanchine’s The Nutcracker,” followed by a backstage tour and party on the promenade of the David H. Koch Theater. This year they went online.The principal dancer Tiler Peck gave a backstage tour, told the story of the ballet and performed an excerpt. People who purchased benefit tickets received treats delivered to their homes, and were able to interact with dancers on Zoom. Dancers, in costume, were streamed live from their theater dressing rooms, where they did makeup demonstrations, talked about their characters and answered questions. And attendees received a free link to watch the company performing the full ballet on marquee.tv through Jan. 3.But many arts institutions must navigate a sensitive fund-raising climate — making the case for culture as a worthy cause, while remaining mindful of the international health crisis, rising hunger and a national reckoning around racial and social justice.“We were careful not to be overreaching, allowing partner organizations to do what they had to do, like United Way or other community service organizations that were literally dealing with life and death situations,” Mark A. Davidoff, the chairman of the Detroit Symphony Orchestra, said. “How much is enough, and how much might be too much?”This month’s annual summit of the Arts Funders Forum, which aims to increase private funding for arts and culture in the United States, emphasized how arts institutions need to demonstrate to donors what they are doing to drive social change.“Of the causes that Americans of all generations do support,” said Melissa Cowley Wolf, director of the forum, during her opening remarks, “arts and culture do not make the top seven.”With no performances of “George Balanchine’s The Nutcracker” this season, New York City Ballet and the School of American Ballet had to move their family benefit fundraiser online.Credit…Rachel Papo for The New York TimesMany nonprofit institutions are hoping to apply for aid available in the stimulus bill that President Trump signed Sunday night.Amid the crisis, some foundations are stepping in to try to help keep institutions afloat, and large organizations are seeking emergency support from their boards.Virtual fund-raising has benefited a bit from the fact that people are stuck at home, making them eager for engagement as well as less heavily scheduled.“People have the bandwidth for those kinds of conversations,” Ms. Rutter, of the Kennedy Center, said. “In the past, it would be like, ‘Let’s get together for lunch,’ and it would take six months to get it on the calendar. Now it’s like, ‘I’m free tomorrow.’”Still, fund-raising challenges remain formidable. What is typically a subtle dance — we’ll give you this perk, if you give us your dollars — has now become a more brazen cry for help.This month, the Metropolitan Museum of Art placed donation boxes in the lobby of its Fifth Avenue entrance: “Please give to The Met to help us connect others to the power of art.” The Detroit Symphony launched what it is calling a Resilience Fund “to ensure that our world-class orchestra keeps the music playing for our community during the Covid-19 crisis and beyond.”The New York Philharmonic has established the “It Takes an Orchestra Challenge,” trying to raise $1.5 million by Dec. 31. David M. Ratzan, a New Yorker who typically takes his son to several concerts a year, contributed $100. “If people don’t pitch in,” he said, “these places won’t exist.”The orchestra was forced to cancel its entire current season, and this month its musicians agreed to substantial salary cuts as its administration was reorganized to allow Deborah Borda, its president and chief executive, to focus on two priorities: renovating David Geffen Hall, its Lincoln Center home, and fund-raising.“It’s an incredibly serious situation,” Ms. Borda said. “Our last concert was March 10 and we can’t play this entire year and then the next question is, looking forward, what will happen in the fall of 2021? What is going to happen with the vaccine? How comfortable will people feel about coming back?”Given this uncertainty, cultural executives still find themselves far outside the bounds of the traditional arts management playbook.“I’m not talking about whether Yo-Yo is available,” said Mark Volpe, the chief executive of the Boston Symphony, referring to the cellist Yo-Yo Ma, and noting that the symphony would typically have started selling tickets for its summer Tanglewood season in November. “I’m talking about what the future is going to be.”AdvertisementContinue reading the main story More

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    A ‘Great Cultural Depression’ Looms for Legions of Unemployed Performers

    #masthead-section-label, #masthead-bar-one { display: none }The Best of 2020Best ComedyBest TV ShowsBest BooksBest MoviesBest AlbumsAdvertisementContinue reading the main storySupported byContinue reading the main storyA ‘Great Cultural Depression’ Looms for Legions of Unemployed PerformersWith theaters and concert halls shuttered, unemployment in the arts has cut deeper than in restaurants and other hard-hit industries.Soon after the pandemic struck, a year’s worth of bookings vanished for the acclaimed violinist Jennifer Koh, who found herself streaming concerts from her apartment.Credit…Elias Williams for The New York TimesDec. 26, 2020Updated 5:32 a.m. ETIn the top echelons of classical music, the violinist Jennifer Koh is by any measure a star.With a dazzling technique, she has ridden a career that any aspiring Juilliard grad would dream about — appearing with leading orchestras, recording new works, and performing on some of the world’s most prestigious stages.Now, nine months into a contagion that has halted most public gatherings and decimated the performing arts, Ms. Koh, who watched a year’s worth of bookings evaporate, is playing music from her living room and receiving food stamps.[embedded content]Pain can be found in nearly every nook of the economy. Millions of people have lost their jobs and tens of thousands of businesses have closed since the coronavirus pandemic spread across the United States. But even in these extraordinary times, the losses in the performing arts and related sectors have been staggering.During the quarter ending in September, when the overall unemployment rate averaged 8.5 percent, 52 percent of actors, 55 percent of dancers and 27 percent of musicians were out of work, according to the National Endowment for the Arts. By comparison, the jobless rate was 27 percent for waiters; 19 percent for cooks; and about 13 percent for retail salespeople over the same period.In many areas, arts venues — theaters, clubs, performance spaces, concert halls, festivals — were the first businesses to close, and they are likely to be among the last to reopen. “My fear is we’re not just losing jobs, we’re losing careers,” said Adam Krauthamer, president of Local 802 of the American Federation of Musicians in New York. He said 95 percent of the local’s 7,000 members are not working on a regular basis because of the mandated shutdown. “It will create a great cultural depression,” he said.The new $15 billion worth of stimulus aid for performance venues and cultural institutions that Congress approved this week — which was thrown into limbo after President Trump criticized the bill — will not end the mass unemployment for performers anytime soon. And it only extends federal unemployment aid through mid-March.The public may think of performers as A-list celebrities, but most never get near a red carpet or an awards show. The overwhelming majority, even in the best times, don’t benefit from Hollywood-size paychecks or institutional backing. They work season to season, weekend to weekend or day to day, moving from one gig to the next.The median annual salary for full-time musicians and singers was $42,800; it was $40,500 for actors; and $36,500 for dancers and choreographers, according to a National Endowment for the Arts analysis. Many artists work other jobs to cobble together a living, often in the restaurant, retail and hospitality industries — where work has also dried up.They are an integral part of local economies and communities in every corner of rural, suburban and urban America, and they are seeing their life’s work and livelihoods suddenly vanish. Terry Burrell, an actor and singer in Atlanta, saw the tour of her show “Angry, Raucous and Gorgeously Shameless” canceled after the virus struck.Credit…Lynsey Weatherspoon for The New York Times“We’re talking about a year’s worth of work that just went away,” said Terry Burrell, whose touring show, “Angry, Raucous and Gorgeously Shameless,” was canceled. Now she is home with her husband in Atlanta, collecting unemployment insurance, and hoping she won’t have to dip into her 401(k) retirement account.Linda Jean Stokley, a fiddler and part of the Kentucky duo the Local Honeys with Monica Hobbs, said, “We’re resilient and are used to not having regular paychecks.” But since March hardly anyone has paid even the minor fees required by their contracts, she said: “Someone owed us $75 and wouldn’t even pay.”Then there’s Tim Wu, 31, a D.J., singer and producer, who normally puts on around 100 shows a year as Elephante at colleges, festivals and nightclubs. He was in Ann Arbor, Mich., doing a sound check for a new show called “Diplomacy” in mid-March when New York shut down. Mr. Wu returned to Los Angeles the next day. All his other bookings were canceled — and most of his income.Mr. Wu, and hundreds of thousands of freelancers like him, are not the only ones taking a hit. The broader arts and culture sector that includes Hollywood and publishing constitutes an $878 billion industry that is a bigger part of the American economy than sports, transportation, construction or agriculture. The sector supports 5.1 million wage and salary jobs, according to the U.S. Bureau of Economic Analysis. They include agents, makeup artists, hair stylists, tailors, janitors, stage hands, ushers, electricians, sound engineers, concession sellers, camera operators, administrators, construction crews, designers, writers, directors and more. “If cities are going to rebound, they’re not going to do it without arts and cultural creatives,” said Richard Florida, a professor at the University of Toronto’s Rotman School of Management and School of Cities.Steph Simon, a hip-hop artist from Tulsa, had been booked to perform at South by Southwest when the virus hit and eliminated the rest of his gigs for the year. Credit…September Dawn Bottoms/The New York TimesThis year, Steph Simon, 33, of Tulsa, finally started working full time as a hip-hop musician after a decade of minimum-wage jobs cleaning carpets or answering phones to pay the bills.He was selected to perform at the South by Southwest festival in Austin, Texas, played regular gigs at home and on tour, and produced “Fire in Little Africa,” an album commemorating the 1921 massacre of Black residents of Tulsa by white rioters.“This was projected to be my biggest year financially,” said Mr. Simon, who lives with his girlfriend and his two daughters, and was earning about $2,500 a month as a musician. “Then the world shut down,” he said. A week after the festival was canceled, he was back working as a call center operator, this time at home, for about 40 hours a week, with a part-time job at a fast-food restaurant on the weekends.In November, on his birthday, he caught Covid-19, but has since recovered.Performers on payrolls have suffered, too. With years of catch-as-catch-can acting gigs and commercials behind her, Robyn Clark started working as a performer at Disneyland after the last recession. She has been playing a series of characters in the park’s California Adventure — Phiphi the photographer, Molly the messenger and Donna the Dog Lady — several times a week, doing six shows a day.“It was the first time in my life I had security,” Ms. Clark said. It was also the first time she had health insurance, paid sick leave and vacation.In March, she was furloughed, though Disney is continuing to cover her health insurance.“I have unemployment and a generous family,” said Ms. Clark, explaining how she has managed to continue paying for rent and food.Many performers are relying on charity. The Actors Fund, a service organization for the arts, has raised and distributed $18 million since the pandemic started for basic living expenses to 14,500 people.“I’ve been at the Actors Fund for 36 years,” said Barbara S. Davis, the chief operating officer. “Through September 11th, Hurricane Katrina, the 2008 recession, industry shutdowns. There’s clearly nothing that compares to this.”Higher-paid television and film actors have more of a cushion, but they, too, have endured disappointments and lost opportunities. Jack Cutmore-Scott and Meaghan Rath, now his wife, had just been cast in a new CBS pilot, “Jury Duty,” when the pandemic shut down filming.“I’d had my costume fitting and we were about to go and do the table read the following week, but we never made it,” Mr. Cutmore-Scott said. After several postponements, they heard in September that CBS was bailing out altogether.Many live performers have looked for new ways to pursue their art, turning to video, streaming and other platforms. Carla Gover’s tour of dancing to and playing traditional Appalachian music as well as a folk opera she composed, “Cornbread and Tortillas,” were all canceled. “I had some long dark nights of the soul trying to envision what I could do,” said Ms. Gover, wholives in Lexington, Ky., and has three children.She started writing weekly emails to all her contacts, sharing videos and offering online classes in flatfoot dancing and clogging. The response was enthusiastic. “I figured out how to use hashtags and now I have a new kind of business,” Ms. Gover said.But if technology enables some artists to share their work, it doesn’t necessarily help them earn much or even any money.The violinist Ms. Koh, known for her devotion to promoting new artists and music, donated her time to create the “Alone Together” project, raising donations to commission compositions and then performing them over Instagram from her apartment.The project was widely praised, but as Ms. Koh said, it doesn’t produce income. “I am lucky,” Ms. Koh insisted. Unlike many of her friends and colleagues, she managed to hang onto her health insurance thanks to a teaching gig at the New School, and she got a forbearance on her mortgage payments through March. Many engagements have also been rescheduled — if not until 2022.She ticks off the list of friends and colleagues who have had to move out of their homes or have lost their health insurance, their income and nearly every bit of their work.“It’s just decimating the field,” she said. “It concerns me when I look at the future.”AdvertisementContinue reading the main story More