Saturday, December 5, 2009

Opera Atelier takes a loss

Okay, essentially they broke even. The 08/09 numbers are out and they took a loss of $68k on a budget of $2.3 million. That's not bad - I can barely balance my cheque book that well. Unfortunately the shortfall means that senior management is taking a 3% pay cut, though the article says that singer's pay isn't affected (not that it would be under either individually negotiated contracts or under CAEA minimums). Looks like it's time to feature Colin Ainsworth naked on the advertising posters again next season!

Regardless, they did show some great numbers in the mix with subscriptions up 31% and more than $1 million in fundraising money.

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