The first one is the Company with rights to the Musical “RAY”, as in Ray Charles, ready to take it to Broadway. The Musical tells the story of Ray Charles focusing on the performer’s triumph over adversity viewed through the lens of his last recording session. The play will be produced by Oscar nominated producer.
The film was incredibly successful, and was the winner of numerous awards!
it was nominated for 6 Academy Awards, won two Oscars, won the prestigious NAACP Image Award. It has done over $130,000,000 in worldwide box office, sold over 7 million DVDs, and over 4 million CDs of the sound track.
History of the Play
- Developmental production at Pasadena Playhouse
- 2 month run
- Most successful show in the history of the Pasadena Playhouse
- Over 90% capacity for the run of the show
- Great reviews
- Independent research company brought in to pass out cards and conduct focus groups.
Finances
- Capitalization of the play: $11 million, including a $1 million reserve (contingency):
- To date over $6 million has been raised.
- Investor group includes Universal Pictures, Warner Music Group, Julian Lennon, Shaq O’Neil
- Weekly Gross Potential for Broadway (excluding merchandising and cast album) $1.05 million.
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