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LSO posts some interesting numbers

The London Symphony Orchestra filed its accounts for the year to July 2011 on Thursday and most things are looking up.

From a quick scan, I see that attendances at the Barbican were up to 85% (from 82%) across 65 concerts and the partnership with Valery Gergiev yielded no fewer than 15 overseas tours. The record label LSO Live is, unlike many other self-op labels, not losing money. It yielded a tiny surplus of £3,000.

Bottom line: LSO turnover was £17.7million (£15.7m) with an operating surplus of £1.2 million (£167,000).

The balance is boosted by an Arts Council England subsidy of £2.3m and City of London grants of £2.13. A further £2.2 million came in private and corporate gifts.

One executive took home pay of £150-160,000. The next highest paid earned less than £90,000.

All things told, this looks like an orchestra in pretty good shape to face the coming crunch on public funds – though it may suffer like all others from the Tory government’s squeeze on private donations.

Way to go, LSO.

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Comments

  1. “Bottom line: LSO turnover was £17.7million (£15.7m) with an operating surplus of £1.2 million (£167,000).”

    I may be being stupid, but I don’t understand this. What are the figures in parentheses?

  2. Add to the ACE cuts a £5,000 donation cap and £1.2 million surplus will last perhaps one year. Times are tough.

  3. About time! The LSO is probably the best it has ever been, and has the best management ever. It is a sad reflection on UK cultural prioriries that it pays its fantastic membership worse than any comparable orchestra in the world and its working conditions – almost perpetual touring – are really hard. I was 1st trombone from 1957-1987. Were I 30 years younger I could not contemplate such a life!

  4. I think orchestra musicians are well paid for the number of hours they put into a performance. However, considering the smaller audence these days, I wonder who will take care of the deficit. Fewer city administrations care today, and fewer are even invovled with the education of youth. As with almost evrything
    today, money and culture travel in different directions. So have the definitions.

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