Broadway Journal

PANDEMIC PUMMELS AMBASSADOR THEATRE GROUP (EXCLUSIVE)

January 28, 2022 by Philip Boroff

The self-described “world’s No. 1 live theater company” has taken a drubbing.

The parent company of U.K.-based Ambassador Theatre Group reported a pretax loss of $202 million for the 12 months ended in March 2021. The holding company attributed the results to Covid-19, which decimated rental income when its theaters shuttered in March 2020.Continue Reading

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