Box office revenues soar at owner of Druid Theatre
Sell-out nights for Druid Theatre's productions of John B Keane's 'Sive' and Samuel Beckett's 'Waiting for Godot' last year contributed to box office income soaring by 38pc, to €1.3m.
New accounts filed by the Galway-based Druid Performing Arts Company show that the surge in box office takings helped the theatre company's overall revenues increase by 21pc, from €2.2m to €2.78m.
The directors stated that Druid's box office was ahead of expectations, with a 31pc increase in audience figures, rising from 68,208 to 89,104, who attended 183 performances across 16 venues.
A 26pc increase in costs to €2.76m - due in part to numbers employed increasing by 42pc to 97 - contributed to the theatre's surplus declining 85pc to €13,971.
The theatre company's revenues were helped by Druid focusing on building up financial support from business and corporate supporters, and this contributed to donations increasing sharply from €119,678 to €215,842.
The accounts also reveal that Druid last year received €1.084m in Government grants, including €928,287 from the Arts Council.
Post year-end, the Druid board approved a contract extension for the theatre's creative force, artistic director Garry Hynes to age 70.
The report also discloses that Druid paid €252,000 to acquire the 35-year leasehold interest in the restaurant property Cactus Jacks at Druid Lane, Galway in order to further strengthen Druid's presence on Druid Lane.