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Constantine Rosoli’s Instagram account is the epitome of the typical Broadway showman: career updates, European vacation snaps, and talk show clips. But in January, the co-writer and co-star of Titanic He posted something definitely special: a call to invest in his upcoming Broadway show.
“Final call!” Read Instagram story. “Very limited opportunity to be involved in TITANIQUE on Broadway as a co-producer/investor. Only a few spots left – DM me. Serious inquiries only.”
This is the most common language for dumping credits on Facebook Marketplace rather than soliciting Broadway backers. It’s also likely to be a problem. Limited Liability Company behind TitanicKooky Krazy Broadway Ltd. has applied. Fundraising – Kooky Krazy Broadway Ltd. Liability Co. – Applied for an exemption from Rule 506(b), which allows companies to raise money from private investors without registering with the Securities and Exchange Commission, but only if the offering remains private. No ads and no audience solicitation. Posting on Instagram — one of the most public platforms on Earth — is just the opposite.
Rosoli did not respond to Rampling’s request for an interview, but rather a spokesman did Titanic He admits that his social media post was an unfortunate mistake, insisting that producers “take compliance seriously” and “did not make, approve or authorize the post,” which has since been removed.
The play of despair makes sense. Titanica musical send-up of James Cameron’s maritime opus, is headed to Broadway’s St. James Theater with Jim Parsons and Frankie Grande — but even with a budget well below the $25 million that some productions require, finding backers is difficult in the current climate. Investors have become more selective, and offers struggle to reach even their minimum capital.
It remains unclear whether Rossoli’s Instagram appeal helped fill the coffers (and whether the production will be allowed to keep the proceeds) before it was pulled.
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This story appeared in the March 11 issue of The Hollywood Reporter. Click here to subscribe.
