NYC Opera Faces Bankruptcy

    This Sept. 15, 2013 image released by the Booklyn Academy of Music shows, foreground from left, Sarah Coomes, Robert Brubaker and Sarah Joy Miller in a Scene from "Anna Nicole" composed by Mark-Anthony Turnage at the Brooklyn Academy of Music Opera House in the brooklyn borough of New York. New York City Opera says it likely will fail in its goal to raise $7 million by Monday, the deadline it set for suspending the bulk of its 2013-14 season. (AP Photo/BAM, Stephanie Berger)

    Stephanie Berger/AP

    The New York City Opera is expected to file for bankruptcy on Monday, after likely failing to reach its $7 million fundraising goal to stay open for the 2013-14 season. The opera had hoped to raise $1 million from Kickstarter, but so far has only brought in $250,000 in pledges. New York City Opera, New York’s second-largest opera, had attempted a revival with the high-profile “Anna Nicole,” about the late celebrity, but it may not be enough to get over its struggles in recent years. Once housed at Lincoln Center, the New York City Opera was forced to move in 2011 amid financial difficulties, producing scaled-back seasons at venues throughout the city. With this bankruptcy, New York will be left with just one opera: the Metropolitan Opera at Lincoln Center.

    Read it at Los Angeles Times