The Metropolitan Opera in New York announced on Wednesday, September 23, the cancellation of its 2020-2021 season due to the Covid-19 crisis. A decision that causes a real financial shock.
The Metropolitan Opera in New York will not be resuming its 2020-2021 season. The decision, taken because of the coronavirus, has a devastating financial impact. Such a decision could “generate a shortfall of 154 million dollars“according to Peter Yellow, the manager of the Met, interviewed by AFP. A huge deficit in forecast for one of the largest theaters in the world, with a capacity of 3,800 people, despite its considerable budget of $ 312 million in 2018-2019. For this season, the Metropolitan Opera had already sold more than 20 million dollars of tickets. The disaster will be even greater if the public decides to be reimbursed rather than exchanging their tickets for the future 2021-2022 season. It is one of the most serious crises the Metropolitan Opera has suffered since it was founded 137 years ago in 1883.
The consequences are also colossal on the musicians and the employees. Almost 1,000 people, including the world famous orchestra and the choir, working full time within the Institution, have not been paid since April. All are in a difficult position, if only to maintain their mutual health thanks to the Met. Peter Gelb contacted the unions yesterday to negotiate a new collective agreement including lower wages which would allow staff to be retained.