Philadelphia Orchestra files for bankruptcy protection
The acclaimed Philadelphia Orchestra is set to file for bankruptcy, the first major US performance ensemble to be felled by the nation’s current economic turmoil.
Kate Johnston, a spokeswoman for the 111-year-old orchestra, said, however, that programming would remain unaffected for the moment.
“All concerts are going on as scheduled, including a concert tonight,” she told AFP on Saturday. The orchestra was performing Mahler’s Symphony No. 4.
The Philadelphia Orchestra Association confirmed that its board of directors had voted earlier to file for bankruptcy protection.
Despite the expected filing, the orchestra is still fighting and is leading a $214 million fundraising charge over the next few days, according to The Philadelphia Inquirer newspaper.
At the beginning of the Mahler performance, an orchestra member stood to thank the audience for its support.
Meanwhile, outside the hall, a small crowd watched the performance on a small television and expressed their worries about the orchestra’s future.
“It’s very sad,” said Joel Porter, visiting from New Jersey to hear the Mahler piece. “It risks causing musicians to secure their own future. They might look elsewhere.”
Board chairman Richard Worley said earlier this week that income and expenses faced a “fantastic imbalance” and that although the rescue plan would be difficult, “I believe we can do it.”
A number of major arts groups, including museums and opera companies, have faced financial strain since the recession and weak economic recovery in the US. However, none as prestigious as the Philadelphia group has been so threatened.
Founded in 1900, The Philadelphia Orchestra considers itself one of the world’s leading ensembles, with acclaimed performances, major world tours and bestselling recordings. It is viewed on a par with orchestras in Boston, Chicago, New York and a handful of other major venues.
coffee