Canadian Opera Company stays in the black despite falling attendance

The $6,000 surplus on a budget of $41.3-million masked continued declines in average attendance figures for its mainstage productions.

0
Sondra Radvanovsky as Anna Bolena in the Canadian Opera Company’s production of Anna Bolena from spring of 2018. During that fiscal year, the COC says, it managed a small surplus despite falling attendance. (Michael Cooper coopershoots.com / Michael Cooper photo)

At its annual meeting on Wednesday, the Canadian Opera Company boasted of a small operating surplus and growing audiences for a variety of concerts and presentations outside its main stage at Toronto’s Four Seasons Centre for the Performing Arts.

But the $6,000 surplus on a budget of $41.3-million masked continued declines in average attendance figures for its mainstage productions.

According to the numbers released by the COC on Thursday, rising revenues from the bar, special events and the underground parking garage at the Four Seasons Centre have surpassed contributions from the box office. Last season, bar, special event and parking sales brought in $8.89 million.

The COC does not release comparative figures for previous years, but a look at past annual reports shows that box office revenues slipped from a high of $13.4 million for the 2009-10 season to $8.23 million for 2017-18. The number also represents a 13 per cent decline from 2016-17.

LEAVE A REPLY