|
|
Article: Lloyd Webber draws full house.(Andrew Lloyd Webber buying shares of Really Useful Theater)
- Article from:
- Daily Variety
- Article date:
- November 7, 2005
- Author:
CopyrightCOPYRIGHT 2005 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Andrew Lloyd Webber is taking complete ownership of London's premier musical venues. The composer told Daily Variety on Sunday that he is buying out the 50% share of Really Useful Theaters previously owned by joint-venture partner the equity group Bridgepoint.
Deal, which takes effect Nov. 30, was for an undisclosed sum and makes Lloyd Webber 100% owner of both Really Useful Theaters and his Really Useful Group. The composer founded the latter in 1977.
News came as something of a surprise For months, industry speculation was the exact opposite--namely, that Lloyd Webber was seeking a buyer for his remaining venues, having in July offloaded four of RUT's ...