Every other media outlet has already made jokes about it being “curtains” for aged “women in viking hats” institution so I’m just going to get to the point: The New York City Opera will be closing its doors and filing for bankruptcy. This comes after a fund-raising opportunity and last-ditch effort that, despite the success of the Anna Nicole opera, still failed.
“New York City Opera did not achieve the goal of its emergency appeal,” Risa B. Heller, a spokeswoman for the company, said to the New York Times. “Today, the board and management will begin the necessary financial and operational steps to wind down the company including initiating the Chapter 11 process.”
From the company’s first performance of Tosca in 1944 to their last upcoming show of Anna Nicole, the New York City Opera has been a world class cultural institution of authoritative importance in the global art world. But being culturally significant does not equal being profitable, and the company simply couldn’t raise the 7 million dollars necessary to save itself. In fact, it hardly broke $300,000 on an unsuccessful kickstarter campaign.
George Steel, the company’s general manager and artistic director, said in an e-mail to the NYT that “we thank you for your continued support over the years and for making New York City Opera truly ‘the people’s opera.’”