CASE STUDY

Below is a simple example of how the Development Network can work to achieve the best end product.

Please note that each musical developed through the Network is likely to use different partners, have different amounts spent on its development and may therefore have different percentages to this example.

In this scenario we are to assume that “THE MUSICAL” is to be developed using several of the partnership opportunities previously outlined. Each opportunity is given a contribution value based on the ‘in kind’ support offered by the partner plus any financial contribution made to the development opportunity. In this case, and for example purposes only, the Development Agreement sees the writer return an initial percentage of 15% of his royalty back into the program.

Step 1.
“THE MUSICAL” is workshopped at RSAMD as part of their research project.
RSAMD offer students, free space and a financial contribution to the Creative Team.
Perfect Pitch funds travel, accommodation and other creative costs     
                            Value of RSAMD contribution                        £2,500*
                            Value of Perfect Pitch contribution             £1,500
Step 2.
Following rewrites after Step 1, “THE MUSICAL” has a Rehearsed Reading at the Musical Theatre Academy. 
MTA offer students, free space and Musical Director
Perfect Pitch funds creative team and other expenses
                            Value of MTA contribution                   £1,000*
                            Value of Perfect Pitch contribution             £1,000
Step 3.
“THE MUSICAL” is then workshopped for a week at the Hazlitt Theatre.
Hazlitt supplies free space and a financial contribution to the workshop.
Perfect Pitch funds creative team, professional actors, travel expenses and other costs.
                            Value of Hazlitt contribution                        £4,000*
                            Value of Perfect Pitch contribution             £2,000*
Step 4.
“THE MUSICAL” is then presented in the Perfect Pitch West End Showcase.
Perfect Pitch produces the showcase and supports the presentation with actors, creatives and other resources as appropriate.  
                            Value of Perfect Pitch contribution             £4,000*

At this point “THE SHOW” is far more developed than it was previously, and £16,000 worth of development has been spent on the piece. Should the show then go on to have a commercial production; the following steps would take place.

Step 5.
In this example, the writer has agreed to give 15% of his/her earnings for the first 5 years to Perfect Pitch. Within the 5 year period, “THE MUSICAL” is presented on a commercial tour of regional venues, has a sit-down production in a regional venue and is presented by several schools and amateur companies and as a result, the Writer earns royalties totaling £50,000.

Step 6.
Perfect Pitch receives 15% of this £50,000, totaling £7,500.

Step 7.
Perfect Pitch retains 50% of the income to reinvest in the network with other shows and distributes the other 50% income pro rata for all those involved in the development process.

                   Perfect Pitch              receives                      £ 3,750
                   RSAMD                         receives                      £ 1,250
                   MTA                              receives                      £    500
                   Hazlitt                         receives                      £ 2,000
                                                                           TOTAL       £ 7,500

*The value of each contribution will be agreed with each Partner, and the values shown in this example are for guidance only.