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Warning over cuts for Met opera Warning over cuts for Met opera
(4 days later)
New York's Metropolitan Opera has cancelled major productions and must find further cuts to avoid financial crisis, its general manager has warned.New York's Metropolitan Opera has cancelled major productions and must find further cuts to avoid financial crisis, its general manager has warned.
Peter Gelb told the New York Times the value of Met funds had dropped from $300m (£200.8m) to $100m (£66.9m).Peter Gelb told the New York Times the value of Met funds had dropped from $300m (£200.8m) to $100m (£66.9m).
Donations for 2008/2009 were down by $10m (£6.7m) with ticket sales likely to fall several million dollars short of predictions, he said.Donations for 2008/2009 were down by $10m (£6.7m) with ticket sales likely to fall several million dollars short of predictions, he said.
Senior staff already taken 10% pay cuts, he added.Senior staff already taken 10% pay cuts, he added.
The economic crisis has had an effect on all cultural institutions and the Met is no exception Peter GelbMetropolitan OperaThe economic crisis has had an effect on all cultural institutions and the Met is no exception Peter GelbMetropolitan Opera
The rest of the staff would be asked to do the same at the end of April.The rest of the staff would be asked to do the same at the end of April.
Mr Gelb would also be asking principal singers to perform for less money, he said.Mr Gelb would also be asking principal singers to perform for less money, he said.
"The economic crisis has had an effect on all cultural institutions and the Met is no exception."The economic crisis has had an effect on all cultural institutions and the Met is no exception.
"It's affected our endowment, it's affected our cash flow, it's affected our revenue streams - what we don't want is for it to affect our artistic productivity.""It's affected our endowment, it's affected our cash flow, it's affected our revenue streams - what we don't want is for it to affect our artistic productivity."
'Double digit''Double digit'
But the Met has ruled out plans for an 8% increase in ticket prices because it thinks that could further discourage people from watching the company's productions.But the Met has ruled out plans for an 8% increase in ticket prices because it thinks that could further discourage people from watching the company's productions.
If the word is concession, then say they're concessions Peter Gelb on cutsIf the word is concession, then say they're concessions Peter Gelb on cuts
Mr Gelb said that, thanks partly to $7m (£4.7m) savings made by administrative, the Met hoped to achieve its goal for this year's budget of a $2m (£1.3m) deficit. Mr Gelb said that, thanks partly to $7m (£4.7m) savings made by administrative cuts, the Met hoped to achieve its goal for this year's budget of a $2m (£1.3m) deficit.
But, without action, the shortfall could reach "double digit" millions next year, he added.But, without action, the shortfall could reach "double digit" millions next year, he added.
"We've asked the unions to work together with us to meet this challenge," he said."We've asked the unions to work together with us to meet this challenge," he said.
"If the word is concession, then say they're concessions."If the word is concession, then say they're concessions.
"I think the unions and the larger family of the Met believes in the Met as an institution."I think the unions and the larger family of the Met believes in the Met as an institution.
"My belief is they will want to do what is right to keep the Met a vibrant, thriving organization.""My belief is they will want to do what is right to keep the Met a vibrant, thriving organization."
Expensive revivalsExpensive revivals
The opera's financial problems meant the edge had been taken off plans for the 2009/2010 season, the New York Times reported.The opera's financial problems meant the edge had been taken off plans for the 2009/2010 season, the New York Times reported.
It said a planned revival of Ghosts of Versailles, by John Corigliano, had been cancelled - to be replaced by Verdi's La Traviata.It said a planned revival of Ghosts of Versailles, by John Corigliano, had been cancelled - to be replaced by Verdi's La Traviata.
Another expensive revival, Benvenuto Cellini, by Berlioz, had also been cancelled.Another expensive revival, Benvenuto Cellini, by Berlioz, had also been cancelled.
"It's a great sacrifice, frankly, because it's a great piece of repertory," Mr Gelb said."It's a great sacrifice, frankly, because it's a great piece of repertory," Mr Gelb said.
The paper said revivals of Shostakovich's Lady Macbeth of the Mtsensk District, and Die Frau Ohne Schatten, by Richard Strauss, were being replaced by two other Strauss operas - Ariadne auf Naxos, and Elektra.The paper said revivals of Shostakovich's Lady Macbeth of the Mtsensk District, and Die Frau Ohne Schatten, by Richard Strauss, were being replaced by two other Strauss operas - Ariadne auf Naxos, and Elektra.
Mr Gelb, who took over as general manager in autumn 2006, said: "Because of all the success the Met has had in the past couple of years, we're in a better position to face this challenge than we were otherwise.Mr Gelb, who took over as general manager in autumn 2006, said: "Because of all the success the Met has had in the past couple of years, we're in a better position to face this challenge than we were otherwise.
"When you go to the hospital for an operation when you're fit, you recover faster.""When you go to the hospital for an operation when you're fit, you recover faster."