The decision by the Canadian-based entertainment troupe to pull the plug on its "Iris" production in January is a big disappointment, considering that the show was supposed to stay in L.A. for 10 years - and only lasted 16 months. So what happened? I laid out some possible explanations on KPCC's Business Update:
Mark Lacter: You might recall this was supposed to have been a game changer for Hollywood - a huge economic infusion for the area because of the potential ripple effects: so, if you went to see Cirque du Soleil, you might have chosen to have dinner nearby, or shopped in a store. That sort of thing.
Julian: Why didn't it click?
Lacter: Could have been the high ticket prices, good - but not spectacular - word of mouth, or the fact that Hollywood remains a work in progress as far as being a true cultural destination, or maybe the whole idea of having a permanent show in L.A. was unrealistic in the first place. You know, there have been big stage events that came to L.A. and stayed a long time ("Phantom of the Opera" was here for four-and-a-half years), but the Cirque du Soleil production hadn't come from Broadway - hadn't come from anywhere. Everyone was just assuming that because other Cirque productions had been so successful - especially in Las Vegas - this one would be successful here as well.
My other item was on the latest report on L.A.'s creative industries from the Otis College of Art and Design, in concert with the Economic Development Corporation.