One of the largest regional theatre companies in NSW is facing insolvency, warning a Federal Government bailout might not be enough to save it.
Key points:
- Australia’s arts sector will get access to $250 million worth of grants and loans under a COVID-19 recovery package
- Wollongong’s Merrigong Theatre Company says the money might have come too late
- Wollongong City Council says it can’t give more than the $1 million already allocated
Wollongong’s Merrigong Theatre Company expects a $4 million downturn, and has cancelled 372 performances.
Company Director Simon Hinton said he is concerned for the company’s future.
“We are still looking at the very real possibility before the end of the year at being insolvent,” Mr Hinton said.
