"The West End's post-pandemic revival has delivered a multimillion-pound boost to one of Britain's biggest theatre groups, with the return of Oliver! helping Sir Cameron Mackintosh's company rebound to, and surpass, pre-Covid trading levels. Cameron Mackintosh Limited reported an 18 per cent jump in revenues to £234 million last year, overtaking its 2019 performance as audiences returned in force and demand for major productions recovered."
"The strong financial year paved the way for a £10.2 million pay packet for Mackintosh, 79, who had taken no salary between 2020 and 2023 as the business weathered the pandemic shutdown of theatres. Like much of the live entertainment sector, the company endured a brutal period during Covid-19, when lockdowns forced venues to close and turnover collapsed from £207 million to just £94 million in the year to March 2021. The latest results mark a decisive turnaround, reflecting a broader recovery across the West End."
"Cameron Mackintosh Limited generates income through both producing and staging major shows, alongside owning and operating eight West End theatres, including the Prince of Wales Theatre and the Noël Coward Theatre. The most recent financial year was buoyed by the high-profile return of Oliver! at the Gielgud Theatre, one of the group's flagship venues, as well as celebrations marking the 40th anniversary of Les Misérables, one of the most successful musicals in theatrical history."
The West End's post-pandemic revival delivered a multimillion-pound boost to Cameron Mackintosh Limited, with the return of Oliver! helping the company rebound and surpass pre-Covid trading levels. Revenues rose 18% to £234 million as audiences returned and demand for major productions recovered. The strong year enabled a £10.2 million pay packet for Sir Cameron Mackintosh, who took no salary between 2020 and 2023. Turnover had collapsed from £207 million to £94 million in the year to March 2021 during lockdowns. The company produces and stages major shows, owns eight West End theatres, and operates long-running global productions including The Phantom of the Opera and Mary Poppins. The year was buoyed by Oliver!'s run at the Gielgud Theatre and celebrations for Les Misérables' 40th anniversary. The business also benefits from a collaboration on Mary Poppins with Disney. Mackintosh began his career as a West End stagehand and rose to reshape the global musical industry through hits including Cats, Les Misérables and The Phantom of the Opera.
Read at Business Matters
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