Coronation Street musical Street of Dreams primed for return
Beleaguered Coronation Street musical Street of Dreams is set for a possible resurrection, with producers being sought to stage a new version of the show.
A restaging of the musical could see creditors – who were left thousands of pounds out of pocket when the original production of the musical collapsed in 2012 – paid some of the money owed to them.
As reported by The Stage in 2012, the original arena show – starring Paul O’Grady – was pulled just two days into its run after producers hit financial problems.
Reckless Entertainment and Street of Dreams Ltd, the two production companies run by John and Trisha Ward that were listed as being behind the show, were subsequently placed into administration. Cast and crew were left thousands of pounds out of pocket as a result.
However, administrators Chantrey Vellacott DFK are now seeking “expressions of interest from parties interested in promoting and putting on a musical from the original concept of Street of Dreams”.
Adrian Hyde, from the administrators, said: “The Coronation Street brand remains hugely popular and the show itself was a big seller, despite its problems. We are hopeful that with a fresh approach from an experienced operator the show could achieve the success that the creators had hoped. We look forward to working with interested parties to put together an agreement that can satisfy all the major stakeholders, and deliver a return to creditors.”
Parties would be bidding for the show’s scripts, music, sets and costumes – which are co-owned by ITV – and the rights to put on the musical in either its current form, or a form that is agreed by the administrators and ITV.
In a document seen by The Stage, the administrators state that interested parties must have “well established commercial credentials, and an acknowledged reputation within the industry”.
The company adds that parties will have to satisfy both the administrators of Street of Dreams Ltd and ITV, which owns the Coronation Street brand.
“The rights to Street of Dreams – the Coronation Street Musical are subject to a pre-existing licence with ITV. A further full licence agreement will need to be agreed with ITV (in the event of a successful bid) and the format, musical and script will also be subject to agreement with ITV,” it says.
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