The Melbourne Symphony Orchestra (MSO) announced a record $3.3 million loss in its 2024 financial report, the largest deficit in its 118-year history. This includes an operating deficit of $1.9 million.
The significant loss is attributed to a combination of factors:
The financial report was submitted in May without significant public announcement.
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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