||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|
|The letter sent to Joe Brooks and his attorney, terminating the project. See my notes below about the letter's inaccuracies. - Randy Bowser||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.|
August 28, 2003
Dear Mr. Brooks,
On behalf of Pentacle Theatre, I would like to thank you for your generosity in offering to allow a cast album of the music from the theatre's production of "Metropolis" to be recorded and sold as a fund raising tool for our Capital Campaign Fund.
Dear Mr. Wattenberg,
On behalf of Pentacle Theatre, I would like to thank you and Joe Brooks for your willingness to allow a cast album to be made of the music from Pentacle Theatre's production of "Metropolis," and for your work on the agreement to allow the music to be recorded and sold.
After an exhaustive examination of the project proposal, the Governing Board has decided the theatre cannot participate in this project.
After analyzing the proposal, the board concluded that the projected sales goal was overly optimistic and therefore, the anticipated income wouldn't be sufficient to warrant our investment.*
Further, the board concluded the theatre would not be able to fulfill paragraph 3(b) of the proposed agreement.
Therefore, the board came to the conclusion that it could not commit to this project and still fulfill its fiduciary responsibilitiy to the theatre and its members.
Again, the board appreciates your most kind offer to allow the recording of your exceptional music. The production of Metropolis was a high point in the history of our theatre and set Pentacle Theatre apart from community theatres across the nation. I am truly sorry that the theatre cannot go forward with this project, but the board's opinion is that participating in this project would not be in the best interests of the theatre and its members.
Again, we appreciate Mr. Brooks' kind offer to allow the recording of his exceptional music. The production of Metropolis was a high point in the history of our theatre and set Pentacle Theatre apart from communitiy theatres across the nation.
Since we have decided not to participate in this project, future correspondence about the recording project should be directed to Mr. Randy Bowser.
President, Governing Board
*Pentacle and the board were at NO financial risk. After months of the board's debates about financing the project, I sought outside funding and easily found it.
When these letters were sent to Brooks and Wattenberg, the board was fully aware that no financial outlay was required of them, and the theatre would share profits 50-50 with Brooks' company.
Just as in the letter to me, there is an indication that the board still felt they would be risking a financial loss, even though the CD would cost them nothing. As spelled out more directly in that letter to me, they seem to have been fearing legal repercussions.