In the Arts: Honolulu Symphony Faces Bankruptcy
November 10, 2009 | Read Time: 1 minute
Faced with mounting debts and declining revenue, the Honolulu Symphony has canceled all concerts for the rest of the year and will file for bankruptcy protection, reports the Honolulu Advertiser.
The 109-year-old ensemble could renew the season in 2010 but will seek to cut its payroll costs in half through a combination of layoffs and fewer performances, said Majken Mechling, the group’s executive director.
In other arts news, the Museum of Contemporary Art, in Los Angeles, opens its biggest-ever exhibition this weekend, celebrating both its 30th anniversary and its yearlong rebound from dire economic straits, writes the Los Angeles Times. The show features about 500 works from the institution’s own collection.
And the Metropolitan Museum of Art, in New York, will name two new galleries devoted to Ottoman art after Turkey’s Koç family in recognition of a $10-million gift from the Vehbi Koç Foundation, in Istanbul, according to a museum statement.
For more about the Koç family, see this recent Chronicle article.
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