Audit of RTÉ's 'Toy Show The Musical' ordered after €2.2million loss | JOE.ie

The musical was a financial disaster for the State broadcaster.

The Oireachtas Committee tasked with investigating RTÉ's financial dealings has today ordered that an audit of the Toy Show Musical be undertaken by Grant Thornton.Produced at a loss of over €2.2 million, Fine Gael TD Brendan Griffin could only describe the lack of fiscal oversight around the musical as a"disgrace" and"scandal".

"We took a unique commercial risk", Coveney stated, before adding that the organisation had received"a lot of advice from theatre and musical theatre" before launching the show. A breakdown of the €2.2 million loss was given to members of the Oireachtas committee, in which it was revealed that venue hire and production set up costs totalled €658,500.Former Late Late Show host Ryan Tubridy today also requested to speak before the Oireachtas Media Committee. Contained within the documents is also an outline of the"detailed financial and business modelling" on which the business case for staging the show was based.Tickets to the musical averaged at €46.

Source: Entertainment Trends (entertainmenttrends.net)

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