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CULTURE

Royal Opera Facing Bankruptcy?

Published torsdag 28 januari 2010 kl 12.27

Sweden’s Royal Opera is facing a financial crisis which may force it to close, according to the opera's director. The opera has debts of almost US$1.4 million.

As part of a series of cost cutting measures the opera has announced the cancellation of this season’s only modern production which it is commissioned to stage each year by the Swedish state.

Planned renovations of stage equipment have also been cancelled and if the budget cannot be brought under control this year, the opera’s managing director says it may be declared bankrupt.

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