The Met Opera is slowly bleeding outmain
Despite two recent box-office successes in Porgy and Bess and Akhnaten, the Met’s finances are looking grim again, reports Michael Cooper in the NY Times.
The Met recorded a $1.9 million deficit in 2018, and the company said it expected it to report a $1.1 million deficit on a budget of $312 million in the 2019 fiscal year, which ended July 31.
Both shortfalls are smaller than in recent years but the company’s credit rating is being revised downward.
Read all the red ink here.