Any news if the Rebecca producer paid up?!

[Deena Jones]

http://www.bloomberg.com/news/2012-12-13/producer-faces-12-million-deadline-for-rebecca-musical.html

What happens next?!

[PastorErnst]

"Mr. Sprecher said he has negotiated an extension of his contractual rights to mount the show on Broadway – he now has until the end of 2013 – and has also amended the producing partnership agreement with his investors. Under the previous agreement, Mr. Sprecher’s company had been liable for $7 million owed to investors and third parties involved with “Rebecca” because the show had not opened as planned; the new agreement, according to Mr. Sprecher’s lawyer, Ronald G. Russo, gives Mr. Sprecher and his producing partner, Louise Forlenza, until the end of 2013 to open the show on Broadway and avoid having to refund investments to the show’s backers.

Those backers are now in the process of approving the amended partnership agreement, Mr. Russo and Mr. Sprecher said on Wednesday; so far all of them have said they intend to do so, according to the two men. Several investors in “Rebecca” did not return phone and e-mail messages on Wednesday."


http://artsbeat.blogs.nytimes.com/2013/01/02/rebecca-producer-hopes-for-broadway-run-in-2013/

[Deena Jones]

Thanks!

[Deena Jones]

Any more word on this?

[Deena Jones]

http://www.businessweek.com/news/2013-04-02/sec-puts-16-million-broadway-rebecca-under-spotlight