SMG Managing Saenger
SMG has inked a three-year contract to manage the historic Saenger Theatre in Mobile, Ala.
Photo: facebook.com/MobileSaenger
According to the terms of the performance-based deal, SMG will reduce the venue’s operating losses by at least $200,000 by October 2014 – or receive no compensation, according to the Press-Register.
The city will also apparently have the option to terminate the agreement if the losses are not reduced by the deadline.
Huka Entertainment will book events at the Saenger under a non-exclusive deal, the paper said.
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