Darlinghurst Theatre Company enters voluntary administration
Image: Image: Robert Catto, @robertcatto
Sydney-based theatre-makers Darlinghurst Theatre Company have announced today that they entered voluntary administration on June 17th.
BRI Ferrier’s Jonathon Keenan and Peter Krejci have been announced as the Joint & Several Administrators of the theatre company as they seek a means to “save or restructure” the business. They have asked any parties interested in assisting with recapitalisation and restructuring the business to contact the Administrator’s office urgently.
As a result of the voluntary administration, upcoming events from DTC have been cancelled. Ticket holders are encouraged to seek their refunds through a “chargeback” from their credit card providers.
The announcement comes less than two weeks after the company released a post requesting donations, outlining that only 2% of their funding comes from the government, while ticket sales and donations make up the rest.
In that statement, the company said: “Reaching that 98% has been an uphill battle for us this financial year. We’ve been tirelessly fighting to keep our doors open amidst financial challenges, and now, more than ever, we need your support to ensure the future of DTC’s ambitious legacy.”
Despite the successes of the last year, like creating a four-show season for Sydney World Pride, bringing Natasha, Pierre & The Great Comet of 1812 to Australia and touring Overflow to Queensland and Victoria, DTC has still endured serious financial hardship to the point of making this decision.
Created in 1993 by Glenn Terry, the Darlinghurst Theatre Company is currently based in the Eternity Theatre and has long been a premier not-for-profit theatre troupe in the heart of Sydney.
The future of DTC is currently unclear. More details from the Administrators are expected to release in the coming days.
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