Philly Orchestra Files for Backruptcy

The 111-year-old Philadelphia Orchestra is filing for Chapter 11 bankruptcy protection, citing a “tremendous decline” in audiences. The orchestra, made internationally famous by such great conductors as Stokowski and Ormandy, has $46 million in operating costs this year, but is expecting just $33 million in revenues, reports the AP . “I…

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Philly Orchestra Files for Backruptcy

Posted by on April 17, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.