Met On A Musical Roll, But Deeply In Debt

Peter Gelb’s reinvention of the Metropolitan Opera as a thoroughly 21st century company on the cutting edge of both music and technology has garnered rave reviews and increased sales revenues. “All of the things he has done have also been quite costly. The Met’s budget has grown more than 21% in two years, to a projected $268.3 million… Its deficit — despite energetic fund raising — is likely to widen to somewhere between $6 million and $10 million.”