Canadian Opera Company Posts Surplus for Fourth Year in a Row

Classic Arts News   Canadian Opera Company Posts Surplus for Fourth Year in a Row
 
The Canadian Opera Company has posted a C$20,000 surplus for the 2005-06 season, the fourth consecutive year the organization has finished in the black.

2005-06 was COC's final season at the Hummingbird Centre, the company's home for 45 years; this past June, the company moved into Toronto's new Four Seasons Centre for the Performing Arts.

Last season COC saw box office revenues increase by 7% over the previous season, to a record level of C$8,919,000, with mainstage productions performing to houses filled to 92% capacity.

During the last season, annual fundraising revenue also increased by 11% (not including a C$1 million Inaugural Celebrations and Ring Cycle sponsorship by BMO Financial Group). Individual donors gave more than C$4.3 million, an increase of 21% over the previous year.

Box office revenues represented 40% of total operating revenues, fundraising and sponsorship 34% and government funding 22%. The remaining 4% came from other income sources such as space and production rentals.

The 2005-06 season included three new productions in the fall: Bizet's Carmen (which sold at 99% capacity), Verdi's Macbeth and Handel's Rodelinda. Other productions included Wagner's G‹tterd‹mmerung (the final installment of COC's Ring cycle, which was presented complete at the Four Seasons Centre this past September), Bellini's Norma and Berg's Wozzeck.


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