Met Opera $31M in black in 2019-20 as pandemic starts

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The Metropolitan Opera showed a tax return revealing it is $31 million in the black during the fiscal year that ended last July 31, but the company said the figure included mostly pledges for future years. The company’s tax return showed revenue fell by $13 million for the season that included the initial months of the pandemic and salaries dropped by $41 million. The Met said it operated at a balance budget in 2019-20. Music director Yannick Nézet-Séguin earned $915,571, up from $392,152 in the fiscal year ending July 31, 2019. Met general manager Peter Gelb earned $1.46 million.

The post Met Opera $31M in black in 2019-20 as pandemic starts appeared first on WEEK.

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