The West End’s biggest theatre owner, Ambassador Theatre Group, has seen a strong rise in sales in the last year.
Posting their annual results, the theatre chain, which is also the largest theatre owner in the UK with 39 venues, enjoyed a 17% increase in revenues to £111m in the last 12 months to March 2012. Operating profits rose nearly 70% to £15.5m.
ATG’s regional theatres are performing especially well with big touring productions such as Dirty Dancing, South Pacific and Legally Blonde the Musical bringing in the cash. They also own a large number of London theatre venues including the Duke of York’s, Apollo Victoria and the Savoy Theatre.
The group is led by husband and wide Howard Panter and Rosemary Squire and has grown considerably in the last few years, notably with the acquisition of Live Nation’s UK theatres.
ATG also produce or co-produce shows, with current hits including Monty Python’s Spamalot at the Harold Pinter Theatre, Ghost the Musical at the Piccadilly Theatre, and the Royal Court season at the Duke of York’s including current play Jumpy. Forthcoming shows include The Mystery of Charles Dickens starring Simon Callow at the Playhouse Theatre and a UK tour of Dolly Parton’s 9 to 5 The Musical.