Just in: Madrid’s Teatro Real gets 10 percent boost
mainThe outgoing Spanish government has authorised a 10 percent grant increase to the Real in the next fiscal year.
The theatre will receive a subsidy of 48,161,775 euros in 2016 – around three times the public grant to London’s English National Opera.
Details here (in Spanish).
h/t: Dianne Winsor
The quality is also about 3 times better than the ENO. More interesting to know how similar theatres fare.
What Hanna said.
I think you have misundertood the figures: €48,161,775 is the whole budget for 2016. From this budget, the public subsidy are €13,611,241 (with an increase of 3% over last year). The rest are €11,823,950 of private sponsorship (+ 13%) and €22,714,585 from own resources (tickets, rental and sale of productions, rental of rooms for private acts, guided tours, etc.), a 13.5% more than last year.
The amount for the artistic budget (from the total budget) is €15,459,606
I am surprised the artistic budget is less than a third of the total budget. What do they spend the rest on I wonder? Does this also include salaries for orchestra and chorus as well as administrative costs?
The press note gives no details about it, but explicitly says of this part of the budget: “intended for productions” (Opera Productions, presumably)
Thank you!