What are producers responsible for?

Answer 1

In the theater, the Producer acquires the rights to the play (script) known as the property, by taking an optionwith the playwright. This option gives the producer the exclusive rights to put on the show for a limited period of time. He/She then hires the creative staff, with the approval of the playwright, raises money to finance the show, and consults with the playwright and director over casting and design. He/She rents the rehearsal space, and the theater where the play will be performed, negotiates salaries and fees, and posts a bond with the unions to make sure that the personnel will be paid, even if the show fails. He/She then monitors the progress of rehearsals, and publicizes the opening, while selling the advance tickets for the performance in conjunction with the theater owners, and keeps strict accounts of all expenditures to show the backers.