Emerging from financial illiteracy

Something Like Life
Oct. 10, 2008

A COUPLE of years ago, writing for a women’s magazine, I was able to interview young stage actress Cathy Azanza. While the interview was basically about her life as an actress and what beauty products she bought, we also spoke about personal-finance matters. (By the way, Cathy has just gotten married to film director/cinematographer Paolo Dy—with our good friend Mr. Caps as ninong—and we would like to offer our best wishes to the couple.)

Most people think that a career in theater doesn’t offer financial stability. There is just not a lot of jobs around to steadily earn from, considering we are a nation of—dare I say it?—cultural illiterates! You can only count on the fingers of one hand the number of theater companies which actually have a regular season’s worth of stage plays.

Between our work, domestic duties, cable TV switched on for most part of the day and the amount of surfing, chatting and playing we do on the Internet, how many of us still go to the theater? And even if we wanted to, tickets don’t exactly come cheap. (I used to buy Rep season tickets until I learned to, ahem, prioritize my spending. I guess that makes me a cultural illiterate as well, hehe.) So most of us would rather go to the cinema to watch the latest Hollywood blockbuster, or—worse—go to our suki DVD retailer to get our pirate fix.

According to Cathy, stage actors are paid rehearsal fees, usually at the end of each week. The release of “show fees,” on the other hand, depends on the actor’s contract with the theater company he is working with. “Some pay after every weekend run, some at the halfway mark of a run and then again at the end, and still others at the end of a run.” (Click here for the rest. Photo of Cathy Azanza from The Rep.)