The pros and cons of profit share

It’s a common contract among indie theatre-makers, but the prevalence of profit share agreements also warrants some concern.
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Profit share: everyone gets a slice. Image via www.swarthoutimages.com

While an industry staple, especially in the independent sector, cooperative profit share productions can be fraught with difficulties. As actor, composer and sound designer Ben Grant pithily puts it: ‘Profit share equals one stubbie and 14 straws.’ And whether experienced or newcomers to the industry, theatre-makers should be thorough when thrashing out a profit share agreement.

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Richard Watts is ArtsHub's National Performing Arts Editor; he also presents the weekly program SmartArts on Three Triple R FM, and serves as the Chair of La Mama Theatre's volunteer Committee of Management. Richard is a life member of the Melbourne Queer Film Festival, and was awarded the status of Melbourne Fringe Living Legend in 2017. In 2020 he was awarded the Sidney Myer Performing Arts Awards' Facilitator's Prize. Most recently, Richard was presented with a Lifetime Achievement Award by the Green Room Awards Association in June 2021. Follow him on Twitter: @richardthewatts