The New York Musical Festival, which paved a path to exposure for the creators of new musicals — even landing a few shows eventually on Broadway — has shut down after 15 years. But the annual festival, which featured readings, workshops and some staged productions, had been facing a shortfall recently, with several key leaders announcing their resignations at the start of More than shows have premiered at the summer festival, one of a handful of musical-focused developmental gatherings in the United States. Its success as a launching pad had flagged in recent years, however. He understood the company was in debt when he was hired in February, but said that nonprofits often carry on without fully balancing their books. He and other staff members had been working without pay since Aug. He submitted his letter of resignation on Jan. Artists will have to go through the court-appointed bankruptcy trustee to be paid what they are owed, said Keith Sherman, a spokesman for the board. Other writers, directors and composers whose work has been showcased in the festival took to social media to lament its collapse.
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