Huffpost Arts

New York City Opera's Fundraising Campaign Fails, Company Prepares For Bankruptcy

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NEW YORK CITY OPERA
In this April 12, 2013 photo provided by the New York City Opera, tenor Randall Bills, as Pharaoh's son, Osiride, performs with soprano Sian Davies as Elcia during the New York City Opera's final dress rehearsal of Rossini's rarely performed 'Mose in Egitto (Moses in Egypt),' at the City Center in New York. (AP Photo/New York City Opera, Carol Rosegg) | AP
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NEW YORK — New York City Opera says the company will file for bankruptcy protection and wind down operations after failing to raise enough money to stage the rest of its season.

The company announced Sept. 12 that it needed $7 million by the end of September.

Spokeswoman Risa Heller said Tuesday that City Opera "did not achieve the goal of its emergency appeal. Today, the board and management will begin the necessary financial and operational steps to wind down the company, including initiating the chapter 11 process."

As of last Thursday, the company said just $1.5 million had been pledged. It hoped to raise $1 million on Kickstarter.com but a total of $301,019 from 2,108 donors was pledged on the website.