Michael Grandage sets up his own production company

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Michael Grandage has set up his own production company with James Bierman, former executive director of the Donmar Warehouse.

Grandage, who is due to leave his post as artistic director at the Donmar at the beginning of next year, told The Stage that it will not start producing work until 2013. Grandage is due to direct Evita on Broadway in spring 2012 followed by the Marriage of Figaro at Glyndebourne and Red in Los Angeles.

Speaking to The Stage, Grandage said: "What we're doing is talking to and meeting people, and buying rights and getting stuff together for 2013.

"James went the other day to Argos to buy a printer. We have to remember that we don't have £500,000 subsidy from the Arts Council, or sponsorship or a membership, we have to account for every penny as we start this company up."

Bierman left the Donmar Warehouse to take up the same post at the Almeida Theatre earlier this year. He left after six months, saying at the time that he wanted to "explore new producing opportunities".

For the full interview with Michael Grandage, see this week's edition of The Stage.