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Thriving in London but canceling Australia – why Magic Mike is ditching Aus

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Australia’s most recent lockdowns are throwing another round of cancellations to live entertainment shows

The US producers and Australian management team of Magic Mike Live have announced the decision to cancel the remainder of the Aussie tour.

In a statement to Ticker News, the organisers stated that the decision to close the tour was made due to the impact of the ongoing COVID-19 restrictions imposed by the Victorian Government and the lack of certainty surrounding the tour’s ability to perform any of its announced dates.

“The team is committed to returning to Australia in the future and the producing team is working to provide the cast and crew with employment opportunities on other Magic Mike Live productions around the world. “

Magic Mike Live has been forced to suspend performances on four different occasions in Australia following government-imposed lockdowns.

Lockdowns forced the cancellation of opening nights in Sydney and Melbourne and government restrictions required most performance dates to be played at severely limited capacity.

The most recent lockdown has been the longest yet and there is no clear roadmap for the resumption of live events

“Everyone at Magic Mike Live is heartbroken to have to make this decision but we were left with no choice,”

said Executive Producer Vincent Marini.

“The producers have provided millions of dollars in funding to support the production during the various closures to preserve the tour for our amazing Australian fans. In every other market, we have been able to reopen the shows because of close partnerships between the producers, the management teams, and the various local and national governments. While the producers provided more funding and support to the Australian production than any other production in the world, we were forced to go it alone in Australia despite enduring four lockdowns and millions of dollars in refunds and cancellations. There is no way for us to sustain a show when we are not permitted to perform.”

The entertainment industry rebounds overseas

Magic Mike Live is currently playing to sold-out audiences in London’s West End.

The Las Vegas and Berlin productions are reopening on August 27 and September 9 respectively and the Magic Mike Live team is currently shooting a new unscripted series with HBO Max titled “Finding Magic Mike” which premieres in December.

COVID safe protocols at every event – but it isn’t enough to save the Aussie shows

All the productions around the world have industry leading, COVID-19-safe performance environments and are more dedicated than ever to providing patrons with a one-of-a-kind, joyous entertainment experience. 

The Australian cancellations include the remainder of the Melbourne season, plus the Brisbane, Perth and Adelaide seasons which were scheduled to open in November 2021 and mid / late 2022 respectively. The producing team is simply not comfortable selling tickets to performances it may never be allowed to play.

Organisers have promised that guests with tickets for the remainder of the Australian tour will receive full refunds.

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Money

Biden is “discussing” support for Israel over Iran oil strike

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Money

Defence shares rise to record high following Middle East attacks

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Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

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U.S. Feds in no ‘hurry’ to cut rates as confidence in economy grows

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Fed Reserve Chair Jerome Powell indicated the U.S. central bank was not “in a hurry” after new data boosted confidence in ongoing economic growth and consumer spending.

Fed Chair Jerome Powell says “disinflation has been broad-based,” and recent data suggests progress towards the Fed’s 2% inflation target.

Powell says the Fed is not rushing to lower rates but will make decisions based on how the economy evolves.

When asked about rate cuts, Powell says it’s a process that will “play out over time,” signalling a steady but cautious approach. #featured #trending

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