Titanique Off-Broadway Investors File Arbitration Against Producer Eva Price
A group of four investors from the off-Broadway production Titanique has filed for arbitration against lead producer Eva Price and Iceberg Ahead LLC, as stated in a filing with the New York Supreme Court. This demand was submitted in the spring of 2026, roughly nine months following the show's closure at the Daryl Roth Theatre and just before its Broadway reopening, which concludes on Sunday. The conflict centers on the investors' management and internal matters of the Company. Titanique claims it was deceived by its former general manager, Carl Flanigan, who was dismissed in early 2025 for misappropriating funds. The production incurred losses of $3 million during its last 18 months, suffering losses in 74 out of its final 78 weeks. A representative described the investors' allegations as "baseless." Composer Duncan Sheik passed away at the age of 56.
Key facts
- Four Titanique off-Broadway investors filed an arbitration demand in spring 2026 against producer Eva Price and Iceberg Ahead LLC.
- The arbitration concerns investment, oversight, and internal affairs of the company, per a New York Supreme Court filing.
- Titanique closed at the Daryl Roth Theatre in Union Square about nine months before the arbitration and reopened on Broadway at the St. James Theatre, closing on Sunday.
- Former general manager Carl Flanigan was fired in early 2025 after admitting to diverting funds and falsifying documents.
- Flanigan borrowed $195,000 against $278,000 of future off-Broadway earnings from Kapitus Servicing Inc. and transferred proceeds to unrelated third parties.
- Iceberg Ahead won a $4.3 million default civil judgment against Flanigan.
- Titanique lost $3 million in its final 18 months, with losses in 74 of its final 78 weeks, according to financial statements filed with New York Attorney General Letitia James.
- The production referred the matter to the U.S. Attorney's Office for the Southern District of New York, and Maximum commissioned a forensic accounting.
Entities
Artists
- Eva Price
- Carl Flanigan
- Philip Byron
- Marcia Ellis
- Seth Gottesdiener
- Christopher Zelno
- Matthew Schenker
- Letitia James
- Duncan Sheik
- James Cameron
- Celine Dion
Institutions
- Iceberg Ahead LLC
- Maximum Entertainment Productions
- Daryl Roth Theatre
- St. James Theatre
- Asylum NYC
- Kapitus Servicing Inc.
- Fox Rothschild
- New York Supreme Court
- U.S. Attorney's Office for the Southern District of New York
- Internet Broadway Database
- Withum
- Broadway Journal
- ATG Entertainment
Locations
- New York
- United States
- Union Square
- Chelsea
- Virginia