Last week, Moody’s Investor Services delivered yet another piece of yet another piece of bad news for the Metropolitan Opera.
Our Own Dawn Fatale (artist’s conception) will take to the airwaves of Bloomberg Radio this evening at 9:00 pm to discuss the Met’s current woes.
“New York City Opera, created 70 years ago as the ‘people’s opera,’ expects to file for bankruptcy protection on Oct. 2 and either liquidate in court or be sold to another institution, its lawyer said.”
You might even call it “fun.”
The Metropolitan Opera expects to achieve a balanced budget in 2011, the first for the company since 2004. In other good news, contributions and grants were up about 21% between 2009 and 2010; program service revenue rose about 6% in the same period. Maestro James Levine took a 5% pay cut, sending his 2010 compensation…
At a time when New York’s opera companies are supposed to be going into estivation (I mean, Peter Gelb is in Vietnam, for heaven’s sake!) there’s certainly no lack of breaking news about New York City Opera. Today’s heart-rending roundup, after the jump.
Tell us: What was the best of 2025?
Parterre Box concludes the thrilling first year of Talk of the Town by inviting your lightning rod opinions on several more categories of operatic argumentation.
