Edmonton Symphony Posts Surplus, Signs Musicians to Contract

Classic Arts News   Edmonton Symphony Posts Surplus, Signs Musicians to Contract
 
The Edmonton Symphony has posted a C$28,000 surplus for the 2003-04 season, the Canadian Press reports. The orchestra also said it had signed a three-year agreement with its musicians.

The positive financial result comes two years after the disastrous 2001-2002 season, when the ESO suffered through a musicians' strike and lost C$1 million.

There are signs that the orchestra's fiscal health has continued into the new season. CEO Elaine Calder said that corporate sponsorship has risen, and subscriptions are up 9 percent.

The new contract, which runs through September 2007, includes 4 percent pay raises in the second and third year. But musicians agreed to freeze their per-service fees.

"This is the fourth year in a tow that the musicians have put the organization's financial health ahead of their own economic concerts," Calder said.


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