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Pianist furore leads to record losses for Melbourne Symphony

Michael Bailey

Melbourne Symphony Orchestra has recorded the biggest loss in its 118-year history, as legal bills and termination payments helped blow a $3.3 million hole in its budget.

The MSO’s 2024 financial report, lodged without fanfare in May, revealed an operating deficit of $1.9 million as ticket sales fell 11 per cent to $15.7 million.

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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au

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    Original URL: https://www.afr.com/life-and-luxury/arts-and-culture/legal-bills-exec-payout-send-melbourne-symphony-to-record-loss-20250605-p5m5at