Producers focus on smaller shows to mitigate the financial risk of cancellations
The curtain will go up across London’s West End this weekend but a lack of insurance for Covid-related cancellations has left theatre owners and producers shouldering increased financial risks and unable to plan a return to blockbuster shows.
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Large-scale shows such as Hamilton or Harry Potter and the Cursed Child draw big overseas audiences and fuel local spending but require three or four months of preparation and a much bigger financial commitment than the smaller productions opening in December.
https://www.ft.com/content/abe9164d-fe99-4cf8-82af-6f2d0e473332