Despite a great season that included its first trip to Carnegie Hall in 16 years, the Buffalo Philharmonic posted an operating deficit of $1.1 million. “Management said weakness in fund-raising and ticket sales, higher costs for performances and health care and a onetime real estate write-off from the sale of the Birge Mansion contributed to the loss.” And prospects could be worse for the next season…
Tag: 12.07.04
Art Of The Cell Phone
“The increasing power of cellphones is fast shaping innovative forms of compact culture: micro-lit, phone soap operas and made-for-mobile dramas that can be absorbed in less time than it takes to flick through a book introduction.”
Endangered Species: Plays On Broadway
“According to producers, no new play that has opened on Broadway in the last two and a half years has turned a meaningful profit. With the average cost of producing a new play on Broadway approaching or surpassing $2 million (“Gem of the Ocean” cost $2 million) and the traditional audience for plays seemingly shrinking, producers and playwrights say that a lasting losing streak could have a disastrous effect on the theater as a whole.”
Art Basel Miami – Buying Art As A Lifestyle
“If spending millions of dollars on art was something done in private a few years ago, conspicuous consumption is back. At this spinoff of the highly successful 35-year-old fair in Basel, Switzerland, young, hip hedge-fund managers, Fortune 500 executives and A-list actors are shopping side by side in a spree fueled by new wealth, a hot art market and the headlong pursuit of membership in a glamorous, elite club.”