Chicago counts record ticket sales, but the orch hits deficitUncategorized
For the fifth year running, the box-office of the Chicago Symphony Orchestra broke all records, it was announced last night. Nevertheless, the orchestra ran into deficit.
Ticket Sales and Earned Revenue for Fiscal Year Ending June 30, 2015
Ticket sales totaled $22.7 million for 233 CSOA-presented events, a slight increase over the previous year’s $22.4 million, marking the fifth consecutive year of record-setting sales.
Nearly 369,000 tickets were sold for 233 ticketed concerts*. Average paid capacity also increased in FY15 to 82%, up from 79% in FY14.
In addition to ticket revenue, other revenue of $9 million was earned from tour fees, merchandise sales, space rentals, royalties, recording fees and miscellaneous activities.
Approximately 483,000 people attended CSOA performances and presentations at Symphony Center and in other venues in greater Chicago last season, including 235 free events such as concerts by the Civic Orchestra of Chicago and small ensembles with Civic players, the CSO’s All-Access chamber music programs, education programs and open rehearsals for students and community groups, as well as the CSO’s free performance at Millennium Park.
The subscription renewal campaign undertaken during FY15 for the current season remains at 89%, one of the highest rates for a major U.S. orchestra.
* Figures exclude CSO concerts at Ravinia Festival or on tour anywhere outside the Chicago area.
Contributed Revenues for Fiscal Year Ending June 30, 2015
During the 2014/15 season, overall contributed revenue totaled approximately $36 million.
General operating support to the CSO was $27 million. This total included more than $18 million in gifts from individuals, $5.2 million from corporate sponsorships and partnerships, and $3.4 million in grants from foundations and government agencies.
<Financial Information for Fiscal Year Ending June 30, 2015
Operating revenues totaled $71.4 million.
Operating expenses totaled $72.7 million, resulting in an operating deficit of $1.3 million, or 1.8% of operations.