and run. The producer and director oversee this timeline, with periodic re-assessment and modifications as needed. The producer hires accountants, and perhaps already has legal representation. This is important, because of the liability issues mentioned above. All bills, including payroll, must be paid on time, and taxes must be paid. The producer oversees the budget. The theatre owner provides box office services and turns over net ticket sales revenue. If sales fall under a set minimum level, the unprofitable show may close. If ticket sales are good and the show makes a profit, the producer may get 50% of the net profit, the other 50% going to the investors. Statistically, highly successful shows with big profits are the exception. Independent commercial production is a high risk business. Another kind of producer is the non-independent, or line producer, who facilitates other people's projects. A repertory or repertoire or festival or non-profit or amateur organization, in most cases, uses a managing director, and creative decisions fall to the artistic director. In theatres with no managing director, artistic directors often use the title producing artistic director or managing artistic director, to indicate a higher level of responsibility. In the commercial world of Broadway, New York City and West End, London and touring, both nationally and internationally, producers are expected to be active members of the team, and their names appear above the show title. However, many "producers" are really investors or the theatre owner, and claim no say in running the production. A producer credit occasionally applies to people who perform special important services, such as finding a theatre or a star—but normally, the credit for such roles is associate producer. The producer works closely with the production team and cast to make all final decisions. The producer, ultimately, is one of the most important roles in a theatrical production. Footnotes External links Internet Broadway Database League of American Theatres and Producers Tony Award winners video library-interviews with winners - Theatrical occupations Theatrical management