NY City Opera Shrinks (Only 8 Percent Of This Year’s Budget Came From Ticket Sales) And Takes Risks

“At this moment in its history, when it is battling its way back from financial disaster and reduced to a fraction of its former size and activity, City Opera feels like a small company in town, closer to the ambitious young Gotham Chamber Opera with its $1 million budget than the behemoth Metropolitan Opera. It will have to stake out its own ground in size and artistic profile to draw audiences and donors.”

“Avengers” Racks Up $1 Billion In Only Two Weeks

“After setting the record for the biggest domestic opening ever, the superhero adventure had a massive second weekend, raking in $103.2 million. That raised the film’s total in the U.S. and Canada to $373.2 million, and combined with the movie’s $628.9 million international haul, the picture joined the ranks of 11 other films that have sold over $1 billion worth of tickets.”

Chicago Lyric Opera Balances Books By Tapping Endowment

“Given the ever-rising costs of opera production, the company was forced to draw approximately $3.8 million from its reserve funds to break even for the fiscal year. Lyric had tapped into its Campaign for Excellence Fund to the tune of $4.3 million in fiscal 2011, and $2.7 million the previous year, to balance its books. All three were planned withdrawals.”