Bloomberg news penny-pinches the General Motors of opera:
The embattled New York City Opera
lost $11.3 million in the year ending June 30, 2008, when the
company still believed that Belgian Gerard Mortier would lead it
into a new era.
According to City Opera’s tax return, provided to Bloomberg upon request, revenue, including ticket sales and income from donations and investments, fell 23 percent to $32.9 million. Expenses jumped 11 percent to $44.2 million.
On the other hand, however rarely, the occasional client did indeed buy a GM car.
And by the way,
The period covered by the document predates the 2008-09 season when the company did not perform at its Lincoln Center home, citing renovations at the David H. Koch Theater.
And if you wonder how much money Gerry Mortier was paid, they're not telling.