Tuesday, February 9

Sir Cameron Mackintosh’s Musicals make £26million

Theatre boss Sir Cameron Mackintosh picked up a massive £26million last year as his West End musicals managed to defy the credit crunch.

One reason given was that although the public were cutting back on hoildays and travel, they were still treating themselves to the occasional night out, and with Sir Cameron's tried and trusted shows they knew what they were getting for their hard earned money.

Takings from musicals including Mary Poppins and Oliver! jumped 20% to £32.3m in the year to April 2009. Sir Cameron was paid £2.2m and he pocketed a £4m dividend - as well as a special dividend of £20m, which he lent back to the company.

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