We’ve been reading, over lunch, the accounts of the Philharmonia Orchestra for the years ended 31 March, 2012.
It was not good for the digestion.
The orch, which receives £2,245,000 in Arts Council and other public grants, registered a deficit of £189,824. The year before, it lost £129,499. Pious hopes are express for breakeven by March 2013, ‘despite poor ticket sales in the summer of 2013′.
The Philharmonia gave 116 concerts in the UK and 42 abroad during the year. Its chief conductor is Esa-Pekka Salonen.
The position is not as bleak as that of the London Philharmonic, which lost 15 percent of its business in the last trading year, but the outlook is not getting any brighter. The business model might be in need of an overhaul.
pictured: Salonen with the composer during the Philharmona’s legendary Ligeti cycle. (c) Lebrecht Music&Arts, all rights reserved.