The famous recreation of William Shakespeare's original London venue is seeking U.K. government funds to help stay afloat during the pandemic if performances can't resume before September.
London's iconic Shakespeare's Globe theater is seeking funds to avoid being forced out of business due to financial fallout from the COVID-19 pandemic.
"Without emergency funding and the continuation of the Coronavirus Job Retention Scheme, we will spend down our reserves and become insolvent," Shakespeare's Globe told the Digital, Culture, Media and Sport Committee."This has been financially devastating and could even be terminal." The Shakespeare's Globe theater opened in 1997 and is an approximation of the original theater that existed nearby in London, England from 1599 to 1613.The theater has operated entirely without public subsidies throughout its existence, with 95 percent of revenue said to be generated by ticket sales from performances, tours, merchandise and other sources that require being open to the public.
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