Bad numbers: Deficit deepens at Opera Australia
mainThe company has posted an operating loss of A$2 million in fiscal year 2014, down slightly from $2.4 million the previous year. Chief executive Craig Hassall said this was ‘an outcome we cannot sustain over time’.
Box-office performed well below expectations. Rehearsals have been shifted to mornings, to free up the auditorium for outside hires and savings are being sought in every department. Lyndon Terracini’s position as artistic director will be under increased scrutiny.
Perhaps the question should be asked, how much are these international artists getting for sub par seasons! (150k+) Maybe THAT’S where the deficit is coming from.