Theatre impresario Andrew Lloyd Webber is to spend £10m on refurbishing his West End theatres after selling part of his stage empire.More from BBC News.
He has sold four of his London theatres to Broadway producer Max Weitzenhoffer.
The 56-year-old composer plans to spend £10m on his eight remaining theatres, which include the Theatre Royal Drury Lane and the London Palladium.
The theatres are part of Lloyd Webber's Really Useful Group, which produces and controls his shows around the world.
Weitzenhoffer and Nica Burns - who is currently production director of Really Useful Theatres - will take over the ownership and management of the Apollo, the Duchess, the Lyric and the Garrick theatres from 1 October.
Monday, July 11, 2005
Lloyd Webber sells and refurbishes
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