Philadelphia Orchestra files reorganization plan
The Philadelphia Inquirer Blog - Artswatch
Philadelphia Orchestra files reorganization plan
Peter Dobrin, Inquirer Classical Music Critic
Thirteen months after entering Chapter 11, the Philadelphia Orchestra Association Wednesday night filed its plan for exiting bankruptcy. With consent — sometimes hard-won — now in place from key creditors, the orchestra’s blueprint for recovery will be considered by U.S. Bankruptcy Court in coming months. If the plan draws no objections and Judge Eric L. Frank approves it, the orchestra expects to be out of bankruptcy by July 31.
More here.
In other words, since Muti left, the audience has lessened by 40%. It sounds like Worley just gave up. Bankruptcy was easier than raising money. How will they replace the Annenberg money? How can they maintain their place as one of the elite orchestras of the world? How will they keep the top players and recruit new ones with a sub-standard contract?
The answers are, they can't. But they can lie about it. Thanks, guys.— altekakker
Peter Dobrin is a classical music critic and culture writer for The Inquirer. Since 1989, he has written music reviews, features, news and commentary for the paper, covering such topics as the Philadelphia Museum of Art at the Venice Biennale, expansion of the Curtis Institute of Music, the Philadelphia Orchestra's bankruptcy declaration in 2011, Philadelphia's evolving performing arts center and the general health of arts and culture.
Dobrin was a French horn player. He earned an undergraduate degree in performance from the University of Miami, and received a master's degree in music criticism from the Peabody Institute of the Johns Hopkins University, where he studied with Elliott Galkin. He has no time to practice today.
