Music and Vision homepage Sponsor an article - share it online and reward the author. Music and Vision

 

Ensemble

Troubles in Florence

GIUSEPPE PENNISI was at the
opening night of the Maggio Musicale Fiorentino

 

The Florence annual music Festival -- named 'Florentine Musical May' but extending to the end of June -- is in serious financial trouble. The pertinent foundation no longer has any assets, but instead a stock of 36 million euros debt. Its operational expenditure exceeds subsidies and other sources of funds (tickets, advertising, selling of productions) by 5 million euros. The negative cash flow may reach 8 million euros per annum when the New Theatre (under construction for years with huge cost overruns) starts operating (now foreseen in late 2014)...

Copyright © 7 May 2013 Giuseppe Pennisi,
Rome, Italy

-------

GIUSEPPE VERDI

DON CARLO

FLORENCE

ITALY

ZUBIN MEHTA

 << M&V home       Concert reviews        Simon Bainbridge >>

 

Is your news listed at Music and Vision?