Seaview Productions is taking over a prominent Off Broadway theater previously operated by Second Stage Theater, illustrating the shift in New York's theater landscape post-pandemic.
The commercial production company's move reflects the struggle of nonprofits to maintain costs during the pandemic, prompting them to lease out space to for-profit entities.
High costs on Broadway are pushing commercial producers like Seaview to seek more affordable locations for their shows, reflecting a significant change in theater economics.
As Second Stage Theater exits the former Tony Kiser Theater, the nonprofit scene continues adapting to the financial strains exacerbated by the pandemic's impact on arts funding.
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