Featured Posts

2011 Budget for Small Business2011 Budget for Small Business The budget has been announced and the government has made a commitment to make Britain the best place to "start, grow and finance" an enterprise. There's a reduction in company tax, an increase in entrepreneurs...

Read more

Scary UK Income Statistics every Business Owner should knowScary UK Income Statistics every Business Owner should... Let me hit you with some amazing statistics we discovered this week … The top 5% of income earners in the UK make over 40% of the income. Just 6% of companies are creating 50% of the new jobs...

Read more

The p-myth: that sales and marketing drives profitThe p-myth: that sales and marketing drives profit Do you know "The P Myth"? It's the myth that sales and marketing drive profit. Most entrepreneurs believe that sales and marketing drive their profit. In fact, I did too for many years up until I met...

Read more

Become a Key Person of Influence in 5 Easy Steps Become a Key Person of Influence in 5 Easy Steps What is a "Key Person"? In any industry there are "Key People" Their names come up in conversation ... for all the right reasons They attract a lot of opportunities ... the right sort They earn...

Read more

Mama Mia! … Judy Craymer is an incredible entrepreneur.

Posted by Daniel Priestley | Posted in Uncategorized | Posted on 05-01-2008

0

Judy Cramer created the stage show Mama Mia after meeting Bjorn Ulvaeus and Benny Andersson, of ABBA while she was working in production in the London Theatre scene.

Originally pitching the idea as a movie screen play she had a breakthrough in 1995 when she realised that it would be better to create a stage show.

By 1997 she had invested over £20,000, 2 years of her time and had sold her flat to finance the growing costs of her obsession. With virtually no encouragement from her friends she persisted on.

Finally in late 1997 Judy successfully secured the rights to the ABBA songs, persuaded Polygram to finance half the £3M set up costs and advance her £300,000 to begin the show.

With the support of Polygram, Bjorn and Benny she went on to get a Swedish Bank to finance the rest of the money she needed to open the show.

In April 1999, four years after she was struck with the idea, Mama Mia opened to sell-out crowds and the show was an instant success. It has since grossed more than $2 billion at the box office, opened in more than 170 cities all over the world, been seen by 30 million people.

Craymer’s has a 50% share in her company “Littlestar”, that has monthly turnover of £16M+. All the creative team involved in the show have become millionaires, and Craymer earns an estimated £4m a year from the show, amassing a personal fortune of tens of millions of pounds.

Not to rest on her laurels, Judy Craymer recently announced that her Stage Show will finally become the movie she originally envisaged over a decade ago. With Universal Pictures behind it, Colin Firth, Meryl Streep and Pierce Brosnan Staring in it and a $65M Budget it is sure to be the feel good “chick-flick” of the summer. 

Twitter links powered by Tweet This v1.8.2, a WordPress plugin for Twitter.