A local arts centre, who we support with advice and information, is in financial difficulties. They have been approached by an entrepreneur who would like to go into some kind of partnership with them. He is proposing that they exploit their potential to screen films, but this will require a major capital investment, which would have to be raised by extending their mortgage. The entrepreneur is making extravagant claims as to potential income from cinema advertising revenue, for adverts and trailers (£80,000 p.a.). We do not have any knowledge of this area of work, and I wondered whether any of the experts could advise on realistic expectations of income. The proposal is that there would be about 70 nights of screening per year.
