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Sale of Andrew Lloyd Webbers Theatres Falls Through

Posted by Ben on Tuesday 14th December 2010 at 10:19AM

The sale of four of Sir Andrew Lloyd Webber's Really Useful Group theatres is reported to have fallen through. The West End venues - the Cambridge Theatre (home to Chicago), Her Majesty’s Theatre (venue of the long-running show The Phantom of the Opera), New London Theatre (currently stabling the hit War Horse) and Palace Theatre (home to Priscilla Queen of the Desert) - were subject of a £50m bid from a consortium led by  former BBC and ITV chairman Michael Grade.

Andrew Lloyd Webber

Really Useful Group Releases a Statement

A statement released by The Really Useful Group explained the surprising news: “Both sides remain satisfied that the price was and is a fair reflection of the value of these theatres…At the eleventh hour, GradeLinnit raised issues relating to a long-standing contractual agreement between one of the theatres and a production company about a possible future production...GradeLinnit decided that they would not want to take this contract forward as owners of the theatre."

Love Never Dies Reopens After Changes

In better recent news for Andrew Lloyd Webber, Love Never Dies reopened at the Adelphi Theatre at the end of November 2010 after a four day break in performances whilst alterations were made to the production.

With an Australian version of the show set to open in 2011, improvements have been made to several scenes, notably the prologue and ending. The  spectacular sets and special effects, which made Love Never Dies the biggest winner at the 2010 Broadway World UK Awards, remain unchanged.

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