Opéra de Paris posts massive lossmain
Stéphane Lissner’s company had a really bad year.
In 2016 fiscal, the Opéra lost 9.3 million Euros ($11 million), an amount which would cause heads to roll in most other countries. In France, deficits are the norm.
The good news? Audiences for opera and dance were up 7% on the previous season and the house played to 91% of capacity. Average audience age was mid-40s.
Production costs, however, went through the roof – 40.8 million Euros. Where did that money go?