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Melbourne Theatre Company posts strong result for 2016

Melbourne Theatre Company grew its main stage audience by 9% from 2015 to 2016, and took in $28.3 million in revenue, according to the company’s 2016 annual report. It ended the year with a modest operating surplus of just $11,884, up on 2015’s deficit of $19,259.

Like several major arts companies, MTC has drastically increased its income from philanthropy over the last few years, from 3% of its total income in 2013 up to 9% in 2016. That means philanthropy has now overtaken government funding, which makes up 8% of the company’s revenue.

Box office revenue accounted for 56% of the company’s income, from 639 performances. The most popular productions were The Odd Couple, starring Shaun Micallef (26,208 paid attendances), Tim Finn’s musical Ladies in Black (25,452) the Helpmann-nominated Jasper Jones (25,414), and Double Indemnity (21,141).

MTC remains the country’s second biggest state theatre company, behind Sydney Theatre Company, which had 382,576 paid attendances in 2016, brought in $21 million in total ticket income, and staged 856 performances.

Featured image: Melbourne Theatre Company’s production of Jasper Jones. Photo by Jeff Busby

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