BBC news most shared article is “Metropolitan Opera could go bankrupt in ‘in two years’”
The boss of New York’s Metropolitan Opera says it will “face a bankruptcy situation in two or three years” if it does not cut its wages bill.
General Manager Peter Gelb was speaking to BBC Radio 3’s Music Matters programme about the Met’s current funding issues.
He proposed cutting 16% of its $200m (£119m) labour costs by changing work rules for the orchestra and chorus.
Gelb also defended spending $169,000 (£100,000) on a poppy field stage set for the opera Prince Igor.
Unions have already threatened strike action over the proposed pay cuts, which are up for debate before the players’ current contracts expire at the end of July.
What’s this got to do with travel ? Roads-2-Roam recently wrote about attractions of New York City and under the the Lincoln Center, we said the “Met” was home to the Metropolitan Opera Company we said. Well, perhaps it will not be in a few years so we’ll need to note that for future revisions. Continue reading..