As Income Plummeted, NYC Opera Fell $11.3M Into Red

“The embattled New York City Opera lost $11.3 million in the year ending June 30, 2008, when the company still believed that Belgian Gerard Mortier would lead it into a new era. According to City Opera’s tax return, provided to Bloomberg upon request, revenue, including ticket sales and income from donations and investments, fell 23 percent to $32.9 million. Expenses jumped 11 percent to $44.2 million.”