Any idea? Is this custom perhaps?

In my opinion, it's custom.

Custom, but not particulary well done, The designer must have started with an existing font, (over)slanted it and added flourishes.
Look at the way the flourish on the D is attached -- it looks like a cut up O, clumsily glued on. The A is really bad; far too heavy in relation to the rest.
Thus must have been a well paid job and it makes one wonder about the ethical side of doing these kind of jobs...

Thank you, gentlemen. Im doing a flyer for a theatre that is doing this show and was wondering if this font was available for purchase, they want the same look.

The imperfection of this logo may well have been intentional if they were trying to make it look "old fashioned." The general style has many similarities to the late-nineteenth-century "antique" style. Some examples are Bookman, Century Old Style, Bruce Old Style, Tiffany, etc.