||ORIGINAL PAGE ABOUT CD / FIRST NEWS COVERAGE ON CD / MAJOR NEWS COVERAGE ON WHAT WAS TO BE EVE OF CD'S RELEASE / COLLECTION OF CD UPDATES|
|I urge every Pentacle member to read all the letters I have posted, to see why I firmly believe something very wrong happened with the board's handling of the CD project, and that the future stability of the theatre is in jeopardy when business is conducted in this manner.|
This is to officially inform you that after an exhaustive and thorough examination, the Governing Board of Pentacle Theatre has decided that the theatre cannot participate in the production of an audio recording of Metropolis.
This decision was based on the board's conclusion that the projected financial return for the Capital Campaign Fund from this project, as indicated in your original proposal, would not be sufficient to cover the asked-for investment.* Even though you subsequently informed the board that you had sufficient financial backing to cover the duplication costs, the board also concluded that the theatre, the performers and performance on the recording would not be sufficiently protected from possible legal actions and exploitation. We therefore decided that we could not proceed with this project and still fulfill our fiduciary responsibility to the theatre and its membership.
Since the theatre will not be a participant in this project, we must ask that if you proceed with the album, you remove any mention of Pentacle Theatre and/or our trademark from the album, artwork and liner notes.
We are in the process of notifying Joe Brooks and Harold Wattenberg of our decision.
We are sorry that our decision wasn't what you had hoped for. We wish you the best in your future endeavors.
President, Governing Board
This is basically the same text I was sent in June when the board decided the first time to not release the CD, but changed their minds at the urging of board President Dave Davis.
* When the board refused to finance the CD, I easily found backing from outside sources. This sentence about "asked-for investment" makes no sense at this point, since the board was completely aware that Pentacle would be putting out no money for the project.
IT REMAINS A MYSTERY why the board still maintains that the singers and the recording itself wouldn't be sufficiently protected from "legal actions and exploitation." Repeated inquiries from me to the board about these questions were met with complete silence.
The letters I have posted here seem to me to indicate the board was afraid to release the CD--for unknown reasons.