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Funding Opera Houses

In: The Management of Opera

Author

Listed:
  • Philippe Agid
  • Jean-Claude Tarondeau

Abstract

People unfamiliar with opera house economics often ask why these institutions are not profitable. There are two classic answers to this question. First, opera houses are incapable, in both Europe and the USA, of generating sufficient income from the sale of tickets and other products to cover their operating costs. Additional funding is invariably needed. Second, opera houses usually settle for the goal of a balanced budget rather than a profit, and often succeed in achieving that. Are the two answers contradictory?

Suggested Citation

  • Philippe Agid & Jean-Claude Tarondeau, 2010. "Funding Opera Houses," Palgrave Macmillan Books, in: The Management of Opera, chapter 6, pages 156-180, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-29927-6_7
    DOI: 10.1057/9780230299276_7
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    Citations

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    Cited by:

    1. Lyubov Khanova M. & Л. Ханова М., 2017. "Улучшение бюджетного финансирования деятельности театров в регионах России как средство повышения культурного уровня россиян // Improving the Budgetary Funding of Theaters in the Russian Regions to Pr," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 10(5), pages 91-101.

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