In a surprising move, the company announced Wednesday that it will cease operations at the end of the current season, citing financial reasons including a tough fundraising environment and weak ticket sales.
The company said its board made the decision Wednesday to avoid declaring bankruptcy and to be able to honor its remaining commitments.
2 comments:
I always find it really disappointing when a production company must shut down due to financial reasons. Arts are something that should be thriving and when hear about companies shutting down it always make me feel a little nervous that support for theatre could be dwindling. Hopefully this is an isolated incident and we don't hear anymore about it.
This is very disappointing. It is not a good sign for any city when their theaters are struggling. Theater companies are the first to go and the first to come in to revitalize a city. Take Philly! When the arts are being properly supported is the the only way that city will thrive and ever has. And cultural hub like these needs culture. And to see that that is not being supported does not bode well. Hopefully people will step up with a campaign to keep the opera... I just think any real city needs an opera! Even Pittsburgh has one! And San Diego being one of the most highly regarded operas in the US ... I guess we'll see.
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