financial management in theatre

Financial management in theatre involves planning, organizing, and controlling the budget to ensure the production is financially sustainable. It includes estimating costs for elements like cast, crew, sets, costumes, and marketing, securing funding or sponsorships, monitoring expenses, and managing revenue from ticket sales and other sources. Effective financial management helps prevent overspending, ensures resources are used efficiently, and supports decision-making to balance artistic goals with financial constraints, ultimately ensuring the theatre's long-term success.