Hitting the High Notes: Orchestras' Funding Models

Salvino A. Salvaggio

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Abstract: This brief note explores the varied funding models for orchestras worldwide, illustrating how historical, cultural, political, and economic factors shape their financial strategies. Orchestras in Europe often benefit from substantial government support, viewing cultural pursuits as public goods, whereas those in the United States predominantly rely on private funding due to limited public subsidies. A hybrid model is also discussed, prevalent in the UK, Asia, and Australia, which combines governmental support with private sources to ensure financial stability and uphold the cultural significance of orchestral music. The note emphasises the need for skilled management across these diverse funding environments to sustain long-term viability and achieve artistic goals.

Date: 2024-04-28
New Economics Papers: this item is included in nep-cul and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:awdpv

DOI: 10.31219/osf.io/awdpv

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