The good news is that the Met reduced its operating deficit for 2008-2009 to $1.3 million, down from $12.2 million a year earlier. The bad news is the company’s assets fell by $72.6 million (down to $422.7 million) primarily because of investment losses. In other news, the Met paid James Levine a bit more than…
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We’ve all had a rough time in the last few years; but cultural institutions have had it worse than they could have possibly imagined. With a business model that relies entirely on private donations to achieve fiscal viability, the challenge to make ends meet has never been greater.
This story involves money, so it’s impossible for La Cieca to understand. Nina, darling, would you hasten to our aid?
A charticle to interest Nina Munk and, perhaps, others of the cher public.
With all due respect to our charming new commenter Nina Munk, the difference between the Met and the Bavarian State Opera is not something that can be measured in dollars or euros. It’s more about aesthetic sensibility.
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