Jayne, on 16 June 2011 - 12:09 AM, said:
They only raised 10 percent of their operating costs through ticket sales? This was very surprising to me, I am surprised they are not doing more joint ventures with other innovative companies, sharing expenses, etc.
Jayne, I believe that figure, which is pretty horrifying, only refers to the last two years, where attendance has been really poor.
Basically this crisis has been brewing since 9/11. NYC's finances, which depended a lot on tourism, were of course a byproduct casualty of that terrible event.
Other arts organizations (theater, opera, symphony as well as ballet and other forms of dance) slowly recovered from that hit but NYCO started making a lot of questionable decisions right about then. I think they started to lose their way in the early years of the aughts and by the end of the decade were hit by a triple play of the fiasco over engaging Mortier/the dark season when NYST was being revamped/the 2008 recession.
They've always had ups and downs, they almost went out of business during the late 50s and then in the early 80s, so this isn't their only crisis but it's the worst.
Perhaps after a year or two of niche type seasons, they can gradually expand again. I'd really miss them terribly if they went under although the last 5 or 6 years haven't attracted me to any of their performances.