Alex Mustakas, artistic director and CEO of Drayton Entertainment, was honoured as a winner of an Ernst and Young Entrepreneur of the Year 2013 Award in the category of Media and Entertainment at a ceremony held in Toronto on Oct. 25.
“As a charitable arts organization, we pride ourselves on embracing the ideals of entrepreneurship with each and every business decision,” says Mustakas. “I am completely shocked, surprised, and humbled by this tremendous honour.”
Mustakas was recognized for his charitable organization’s sustainable theatre model, which receives no government or arts council funding for annual operations.
By amortizing production and administrative costs across seven venues, he has defied the fragility inherent in the performing arts industry and enabled live theatre to flourish across the southern Ontario communities of Cambridge, Drayton, Grand Bend, Penetanguishene, Waterloo and St. Jacobs.
As a result, Drayton Entertainment maintains an enviable track record for annual surpluses, consistently sold-out performances, creative marketing initiatives and exceptional private sector support, making it one of Canada’s leading arts organizations.
At the gala Mustakas was recognized as a true visionary, who strives to enhance the cultural life of communities throughout Ontario while simultaneously benefiting local economies.
“The second part of show business is business,” says Mustakas. “At Drayton Entertainment, we not only believe in transparency, but also accountability to our stakeholders. That means being responsible in all areas of business – fiscal solvency, social inclusion, education outreach, and cultural preservation.”
“Alex remains at the forefront of the theatrical landscape because he personifies the ability of art and commerce to co-exist,” says Brad Carr, president of Drayton Entertainment’s board of directors. “As a result of his leadership, artists, sponsors, donors and most importantly, our loyal audience, have been able to participate in enhanced opportunities and theatrical experiences that are second to none.”
The EY Entrepreneur Of The Year Award celebrates the contribution and spirit of entrepreneurs everywhere. The Canadian program is in its 20th year of honouring the country’s most impressive entrepreneurs from all areas of business.
Award finalists were chosen based on their vision, leadership, financial success and social responsibility.
