EconPapers    
Economics at your fingertips  
 

The Performing Arts: History and Issues—an Ongoing Crisis? A Growing Crisis?

Joanne Scheff Bernstein

Chapter Chapter 1 in Standing Room Only, 2014, pp 9-32 from Palgrave Macmillan

Abstract: Abstract The nonprofit performing arts industry in America and many performing arts organizations around the world are facing crises on a variety of fronts. In April 2011 the Philadelphia Orchestra, one of the largest and most well-respected orchestras in the United States, filed for bankruptcy, facing a structural deficit of $14.5 million and other economic woes. The orchestra has since exited from bankruptcy protection, but continues to face financial challenges. In 2010, the Detroit Symphony found it necessary to make drastic cuts in musicians’ salaries to help rectify their shortfall of $8.8 million. Following a six-month strike, the musicians settled for a 23 percent salary cut. These situations are not unique.

Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37569-8_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137375698

DOI: 10.1007/978-1-137-37569-8_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:pal:palchp:978-1-137-37569-8_2