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Archive for May, 2014

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Well, another fabulous Spring Road Conference is in the books! If you are not familiar with this annual industry conference, check out my posts from previous conferences, such as this one, which will give you a basic overview.

It was a hectic week, filled with a variety of panels, creative conversations, lunches, cocktail parties, networking and shows. What was clear was how far the conference and the commercial theatre industry as whole has come as far as going more digital. The entire program for the conference was available through the Guidebook app and could also be viewed on a pdf. Conference binders were still being distributed, but I have a feeling that by the 2016 conference, the binder option will be gone completely. Also, a number of sessions were dedicated to digital and there was a “Digital War Room” where conference attendees had the opportunity to take advantage of one-on-one sessions with digital pros from various media outlets and social channels, as well as expert media buyers and strategists in the Broadway industry.

There were a multitude of panels on a whole variety of topics. Below is just a sampling of a few sessions…

“’IT’S A GREAT TITLE FOR THE ROAD,’ AND OTHER MYTHS”

This was a jam-packed session that had a lot of vibrant back and forth. Are certain titles right for the Road, but not New York City? Does a tour need a celebrity and what qualifies as a celebrity really as far as someone having enough of a “name” to sell more tickets? Is the summer really not a viable time for tours, or is that one of the many “myths?” There were no hard and fast answers, but it was definitely an airing out of viewpoints and I would say that chances are good that some of discussions will remain in the back of people’s minds when it’s time to think about a possible summer booking, deciding on whether a certain name should be involved, and if a title really will be strong enough to tour.

“WHAT IS THE GP?”

This was another packed and lively session. With the implementation of dynamic pricing, the GP (“Gross Potential”) is no longer the hard and fast largest possible gross for an engagement. People generally felt that the GP was still necessary when making pricing and budgeting decisions, but in this session it became clear that producers and presenters were beginning to become more thoughtful about what this number really represented and considering it a little differently than in the past. No universal approach surfaced during this discussion, but I suspect that in a few years time there will be a more cohesive industry-wide approach on what the GP really means. Perhaps there will be a new definition, as the GP these days seems more like a threshold number that the producer and presenter agree they would like to meet, and exceed.

“THE MILLENNIAL MARKETING MYSTERY”

In this session, guest speak Cathleen Johnson, President of Cathleen Johnson Tourism Consultants, LLC presented data on the “millennial” generation, a generation she insisted we all needed to really pay attention to and understand for the theatre industry to continue to thrive down the road. Johnson pushed the importance of tailoring marketing to attract this newer generation, considered to be an “alpha influencer” in the decision-making process among their peers as well as their parents’ generation. In additional to Johnson, three millennials were also on the panel and they commented on her data. Much of what Johnson said made sense to me, as well as to the millennials on the panel, though, I also felt some of her findings also applied to me and I am definitely NOT a millennial! That said, I think the overarching point was that it was important for marketers of theatre to be aware of the purchasing and social habits of the members of this group when implementing marketing and ticket pricing and discount message strategies.

“MEETING OF THE BROADWAY LEAGUE’S LEGISLATIVE COUNCIL”

This was an exciting and informative session where the panel and several presenters in the audience described recent accomplishments in the political realm, including opposing legislation intended to prevent venues from thwarting deceptive broker practices and advancing tax credits that encourage investment in theatre. These major strides notwithstanding, the big takeaway from this session was how important is is to begin having relationships and dialogue with local, state and federal electeds BEFORE a major issue presents itself, so you don’t have to start from scratch getting these politicians to pay attention to you when a challenge comes up related to your theater or theatre enterprise, and you need them most!

I only touched on a few aspects of the conference here. To really get a feel for this conference and its exciting vibe you must experience it first-hand! If you are a new producer, presenter, marketer, or booking agent looking to learn more about the Broadway and commercial touring industry and to meet the professionals who work in it, I highly recommend that you gain the credentials to join The Broadway League and attend this annual conference. League membership and the conference may seem pricey to some, but if you plan on being in this industry for the long haul, then it’s definitely a worthwhile investment!

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