Shubert Organization Strikes Development Deal with Zollo-Cole

The New York Times reports that The Shubert Organization has joined into a new business deal with well regarded theatre producers Frederick M. Zollo and Robert Cole. 

Philip J. Smith and Robert Wenkel, the chairman and president of The Shubert Organization, have struck a three-year development deal with Zollo-Cole that would allow jointly produced shows a home at one of the many Shubert houses in town.

Smith and Wenkel remarked in interviews that the new venture also reflected the uncertain economic times, to read the full artice in The Times, click here.

The Shubert Foundation, Inc. is dedicated to sustaining and advancing the live performing arts in the United States, with a particular emphasis on theater and a secondary focus on dance. The Foundation's Board of Directors believes that the most effective way to encourage the artistic process is by providing the general operating support that reinforces the structure that nurtures its development. Accordingly, The Foundation does not earmark its awards; all allocations are unrestricted. The Shubert Foundation, Inc. was established in 1945 by Lee and J.J. Shubert in memory of their brother Sam, and is the sole shareholder of The Shubert Organization, Inc., which currently owns/operates 21 theaters: 17 on Broadway, one off-Broadway theater (The Little Shubert), and one each in Boston, Philadelphia and Washington, D.C.