New LITNY Fund to Assist Indie Theatre
In an ongoing effort to help find innovative solutions to the disappearing performance space crisis and other chronic economic issues that are forcing members of the Indie Theatre community to seek artistic homes in other, more culturally and artistically lucrative cities, the League of Independent Theatre (LITNY) has launched a new fund. According to a statement from LITNY, the fund will be a “reliable funding pool for the independent theatre territory.”
Many Indie Theatre mainstays have already committed to contributing a nickel for every ticket sold this year as seed money for the fund. Further information will be discussed at a community meeting to be held on Wednesday, March 28, at 6pm at Demos (22- Fifth Avenue between 26th and 27th Streets, in the fifth floor conference room).
In addition LITNY is calling on the League of American Theaters and Producers to contribute five cents from every Broadway ticket sold this season. LITNY points out that this would represent “.0057 of the average [Broadway] ticket price or about five hundredths of a percent” however, it would yield just over $605,000.00 for the fund.
Initial funding options include real estate ventures, project grants and individual artists’ grants. LITNY is asking for input from the community as to how to prioritize the distribution of the funds. “We recognize the importance of obtaining feedback and input directly from the independent artists, companies and venues that we serve,” says John Clancy LITNY’s Executive Director. They have set up a survey to poll Indie Theatre artists as to their most urgent needs. They encourage you to complete the survey today.
For more information about the League of Independent Theatre Fund, visit their website.