{"id":64025,"date":"2019-10-22T16:47:44","date_gmt":"2019-10-22T20:47:44","guid":{"rendered":"https:\/\/www.ludwig-van.com\/toronto\/?p=64025"},"modified":"2020-11-02T14:08:31","modified_gmt":"2020-11-02T19:08:31","slug":"scoop-annual-general-meeting-shows-coc-continues-less","status":"publish","type":"post","link":"https:\/\/www.ludwig-van.com\/toronto\/2019\/10\/22\/scoop-annual-general-meeting-shows-coc-continues-less\/","title":{"rendered":"THE SCOOP | Annual General Meeting Shows The COC Continues To Do More With Less"},"content":{"rendered":"
\"COC
COC 2018-19 Annual Report<\/figcaption><\/figure>\n

At the Canadian Opera Company\u2019s Annual General Meeting<\/strong> yesterday, they used the time to celebrate milestones, including the hiring<\/a><\/span> of Alexander Neef<\/strong> as head of Op\u00e9ra national de Paris.<\/p>\n

There was also some seat swapping, with Jonathan Morgan <\/strong>taking the role of\u00a0Board Chair <\/strong>for 2019\/2020 from Justin Linden.<\/strong><\/p>\n

\u201cOver the past season, the COC has continued on its path of artistic excellence and community outreach,\u201d says Linden. \u201c\u2026I would also like to congratulate Alexander Neef on his recent appointment to Op\u00e9ra National de Paris, which clearly speaks to the impressive achievements of the Canadian Opera Company.\u201d<\/p>\n

Besides six well-received productions during the 2018\/19 season, the numbers released yesterday show flat growth, a humble $6,000 surplus, and an opera company learning to do more with less.<\/p>\n

THE NUMBERS<\/h3>\n
\"COC
COC – operations data from 2015 to 2019<\/figcaption><\/figure>\n

ANALYSIS<\/h3>\n
\"COC
COC – average attendance 2015 to 2019<\/figcaption><\/figure>\n

Attendance over the last five years is down slightly, but up last year from 84 to 86 percent.\u00a0<\/strong>It should be noted that when compared to other opera companies, 86 percent is an excellent showing. For example, the Metropolitan Opera sells approximately 67 percent of its seats.<\/p>\n

\"COC
COC – total ticket sales 2015 to 2019<\/figcaption><\/figure>\n

While ticket sales have been in a steady decline, it\u2019s import to take note that they have also cut the number of performances from 58<\/strong> in 2015 to 48<\/strong> in 2019, so it is natural to see a decline in ticket sales. To the COC\u2019s credit, they have managed to maintain their revenue, despite lowering their performances, which attests to some revenue diversification.<\/p>\n

\"COC
COC – under 30 ticket sales 2015 to 2019<\/figcaption><\/figure>\n

The most notable good news is the jump in tickets sold to those under age 30, which reached over 7.5 thousand<\/strong>. This marks a reversal from last year\u2019s slump of\u00a05.7 thousand<\/strong>.<\/p>\n

\"COC
COC – total revenue 2015 to 2019<\/figcaption><\/figure>\n
\"COC
COC – total ticket revenue 2015 to 2019<\/figcaption><\/figure>\n

Subscriptions have fallen 24.2 percent<\/strong> since 2015, and single tickets dropped 18 percent<\/strong> since 2015. While the COC is surely not alone in the trend towards declining audiences, it is cause for concern.<\/p>\n

\"COC
COC – total fundraising revenue 2015 to 2019<\/figcaption><\/figure>\n

Like all major arts organizations, the COC relies on its foundation to balance the books. But what\u2019s notable is that they doubled this reliance last year to $4.5 M<\/strong>, up from $2.1 M<\/strong> in 2018.<\/p>\n

As of December 31, 2018, the COC\u2019s Foundation\u2019s endowment is sitting at $39.8 M<\/strong>. The COC pulled $3.4 M from the foundation in grants<\/strong>, and received just over\u00a0$1 M\u00a0<\/strong>in donations and bequests. They also received an additional $660 thousand<\/strong>, thanks to the matching endowment program under the Canada Cultural Investment Fund.<\/p>\n

Government grants, including operating and special projects, in the 18\/19 season totaled $6.14 M<\/strong>. Canada Council ($2.04 M<\/strong>), Ontario Arts Council ($2.3 M<\/strong>), City of Toronto ($1.5 M<\/strong>)<\/p>\n

Taking into account the five-year strategic plan (COC365) released in Oct 2014 (PDF<\/a>), it shows the COC has set clear goals towards the financial health of the COC, which remains in the black \u2014 for now.<\/p>\n

#LUDWIGVAN<\/em><\/h3>\n

Want more updates on classical music and opera news and reviews? Follow us\u00a0on <\/em>Facebook<\/b><\/a><\/em><\/span>, <\/em>Instagram<\/b><\/a><\/em> <\/b><\/span>or <\/em>Twitter<\/b><\/a><\/em><\/span> for all the latest.<\/em><\/p>\n

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The Canadian Opera Company’s Annual General Meeting celebrated milestones, and an operating year where the company continues to do more with less. <\/p>\n","protected":false},"author":7,"featured_media":64026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"jetpack_post_was_ever_published":false},"categories":[25164,39,43],"tags":[309,628,32254],"yst_prominent_words":[12346,32233,7623,6885,10057,32246,32248,7620,7621,7613,6884,7622,7614,7611,32252,32247,32242,12398,32243,32241],"acf":[],"jetpack_featured_media_url":"https:\/\/www.ludwig-van.com\/toronto\/wp-content\/uploads\/sites\/2\/2019\/10\/COC-2018-19-annual_report.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9bakr-gEF","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts\/64025"}],"collection":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/comments?post=64025"}],"version-history":[{"count":13,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts\/64025\/revisions"}],"predecessor-version":[{"id":69551,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/posts\/64025\/revisions\/69551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/media\/64026"}],"wp:attachment":[{"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/media?parent=64025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/categories?post=64025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/tags?post=64025"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.ludwig-van.com\/toronto\/wp-json\/wp\/v2\/yst_prominent_words?post=64025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}