Can someone help light the way? |
The orchestra is projecting shortfalls of up to $4.5 million in upcoming years. This summons the question: Why the heck did the orchestra undertake a lengthy European tour this past spring? Surely management knew that the financials were dire at that time, but everyone flew off to Europe as if nothing was wrong. Short-sighted? Blind, even?
What this really necessary--especially with regard to cost? |
But, but, but......
Earned revenue for the fiscal year, posted on the PSO website, showed that ticket sales increased by 4 percent — the first increase in over 10 years. And according to the PSO site, this season’s subscriptions are beating last year’s. The case is the same with regard to fundraising, which was record-breaking, as demonstrated by a 25 percent increase of the PSO’s annual fund (from the Pitt News).
So, the musicians continue to offer free concerts wherever they can, and picket lines continue outside Heinz Hall. Other tenants of the Hall have offered solidarity by refusing to cross the line, but none of that brings either side closer to just sitting down and talking! And the reputation of the PSO, as well as its city, will decline.
Regarding the orchestra's tour: most of it is paid for by corporate sponsorship, with ticket sales and other donor gifts making up the difference. I think this is a common approach to big tours - they're underwritten.
ReplyDeleteI understand that this is probably how tours are funded. One has to believe that the PSO knew of its pending financial hardship when soliciting sponsorships and other gifts. To turn around a few months later and offer a "last, best, and final" offer demanding concessions from the musicians is at least, questionable financial stewardship.
DeleteHear, hear.
ReplyDeleteThe disparity between financials presented by management vs. musicians is significant - that's another area of stewardship to question.