The Well-Tempered Ear

Classical music news: Metropolitan Opera’s assets fall steeply during the recession but in Madison Overture Center’s debt is eliminated

June 27, 2010
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By Jacob Stockinger

Care to guess what is the world’s largest performing arts organization?

It is the Metropolitan Opera (below with exterior on top and interior on bottom) in New York City, which I didn’t know.

But I — and just about everyone lese — knows that opera is the most expensive form of performing arts to stage. Grand opera is truly grand in every way.

So it’s only natural to wonder how the iconic Met has fared during the past two years of severe economic downturn.

Here is a link to an excellent summary story from The New York Times about just that topic:

http://www.nytimes.com/2010/06/18/arts/music/18met.html?ref=metropolitan_opera

I was particularly interested to read about the success the Met is having with the live hi-def broadcasts, which it will expand this coming seas0n — even as they broadcast will air at two locations in Madison (Point Cinemas on the west side and Eastgate on the east side).

The story also makes you realize you luck we are in Madison, now that it seem a deal has been struck to eliminate a large chunk of the debt that has plagued the Overture Center (below).

Here’s a link to stories about that:

http://host.madison.com/wsj/news/local/govt_and_politics/article_685278d7-2f88-5132-80c3-bb446954c088.html

http://www.ourlivesmadison.com/forum/2010/06/23/settlement-reached-on-overture-debt

Have your donations to the arts gone down during the recession?

What do you think of the Overture debt deal?

Of the Met’s situation?

The Ear wants to hear.


Posted in Classical music

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