Money: Page 2

First Minnesota, then Milwaukee, and now … Memphis: Following in the tumultuous footsteps of its Nashville counterpart, the Memphis Symphony Orchestra announced that it is facing a financial crisis that will require “aggressive steps” to complete the current season. “The Memphis Symphony Orchestra celebrates decades of accomplishments thanks to a committed group of patrons, musicians […]

Musicians who have had the privilege and pleasure (dubious, in some cases) of discussing the future of professional orchestras with experts of various stripes are all too familiar with Baumol’s Cost Disease. The best description comes from the economist who came up with the concept, William Baumol: Any economic activity affected by it will tend […]

There’s been what intelligence analysts call “chatter” for a few weeks about a settlement in Minnesota being close. I heard some new chatter in the past couple of days, which led me to to set up a Google watch on the news. About twenty minutes ago, the official news came through, after some preliminary reports […]

The great Israeli diplomat Abba Eban famously remarked, after the 1973 Geneva Peace Conference, that “the Arabs never miss an opportunity to miss an opportunity.” The same could be said of the Board of the Minnesota Orchestra. At their annual meeting yesterday, the Board passed on the perfect moment to let the current board chair […]

One of the more intriguing aspects to the psychology of our industry is a general propensity to conspiratorial thinking. It’s not hard to find amongst musicians; the widespread belief that the League of American Orchestras A National Service Organization is behind all our woes is the best-known example, but conspiracy theories fester within orchestras as […]

I. The Tornado and the Plow Horse I recently plugged the words “Salieri” and “Festival” into Google, which limped back with a meager Salieri Opera Festival of 2010, presented by Fondazione Fioroni in Verona, Italy. Curious, I added “2013” to the search, and Google came back with only three results, none of which led to […]

Today is what most observers are assuming is the deadline for a settlement in Minnesota that will keep Osmo Vänskä and the November Carnegie concerts in the picture. It doesn’t appear that negotiations are going well, though. One indication of that is the management offer of last week, made with great public fanfare and certainly […]

The Minnesota Orchestra leadership released a “financial review” yesterday. Most of the coverage, though, focused on remarks made by MO board negotiating chair Richard Davis, who told the Star Tribune editorial board that he was prepared to say bye-bye to music director Osmo Vänskä, the upcoming Carnegie concerts, and the opening of the newly-renovated Orchestra […]

It’s not surprising that a recent article by Philip Kennicott in the New Republic by the title of “America’s Orchestras are in Crisis” got some favorable play in the musician community. The writer, who is Art and Architecture critic for the Washington Post, focused very heavily on what he believed was the League of American […]

Polyphonic.org Editor-in-Chief Ramon Ricker recently contributed to International Musician, the official journal of the American Federation of Musicians with an article titled “When Musicians Need Lawyers.”  In the article, Dr. Ricker covers important topics regarding situations when musicians should consult with an attorney and how musicians can find the right lawyer for them.  To read […]