Debt woes pile up for the Met

The credit rating of the Metropolitan Opera was downgraded last night after a year of conflict and losses. The ratings firm Moody’s gave it a negative outlook. That will make it harder for the Met to borrow money on, for instance, pay day.

The Met operating deficit hit $22 million last July, up from $2.8 million the previous year. They must be doing something wrong. Read here.  Even tougher here.

Then be warmly reassured that they’re doing everything right, here.

MetCeilingPro1

Someone’s not facing up to hard truths.

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  • Great Christmas present for NL: nothing like Met Opera woes to gladden a man’s heart! Of course he will not be completely happy until James Levine falls out of his wheelchair and somehow loses the use of his arms. “But I kid Norman!”—-Bill Maher

  • Is it possible, that Peter Gelb’s insistence – and attitude- on putting on
    the ‘opera’ by Adams on the Death of Klinghoffer offended enough
    donors so that they decided to apply their gifts to others than the Met, this year?
    There are realities in the world of opera, and the public matters.
    A few of us know and understand history.

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