Opera Australia went from record revenue to a savage redundancy round within six months, but hopes a summer season with a more flexible operating model points to a future.
Australia's largest performing arts company was on a high in 2019, selling 660,000 tickets on its way to a healthy $6.3 million surplus. It will lose a multiple of that in 2020, and stands to lose even more on a three-month season announced on Thursday for January 2021.
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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
