Just in: Madrid’s Teatro Real gets 10 percent boost

Just in: Madrid’s Teatro Real gets 10 percent boost

main

norman lebrecht

December 21, 2015

The 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).

 

teatro real

h/t: Dianne Winsor

Comments

  • Hanna says:

    The quality is also about 3 times better than the ENO. More interesting to know how similar theatres fare.

  • David Maxwell Anderson says:

    What Hanna said.

  • fer says:

    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

    • Nick says:

      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?

      • fer says:

        The press note gives no details about it, but explicitly says of this part of the budget: “intended for productions” (Opera Productions, presumably)

    • norman lebrecht says:

      Thank you!

  • MOST READ TODAY: