There is the good news from the Philadelphia Orchestra, that failed the bankruptcy.
It has stopped a four-year decline in ticket sales, and paid capacity on tickets sold for the 2010-11 season increased to 77%. Around 20 of the ensemble’s performances from January 2011 through the end of the subscription season reached near sold-out status.
The Orchestra has drummed up more than $3.2 million in gifts.
But the Chapter 11 case continues in bankruptcy court in Philadelphia. The orchestra’s $120 million endowment should be in play.