Mon, May 28, 2012, 7:14 PM EDT - U.S. Markets closed for Memorial Day

Summary Box: La Scala projects tough budget in '12

Summary Box: Italy's La Scala opera house projects tough budget in 2012

PROJECTION: The general manager of La Scala said he expects public and private financial contributions to the famed Milan opera house to decline in 2012.

BREAK STREAK: That threatens to break La Scala's 7-year streak of balanced budgets, despite signs of growing popularity: A 7 percent increase in subscriptions this season and the recent all-time box office record for a single performance, for "Death in Venice" on March 19.

STATE SUPPORT: General manager Stephane Lissner says there is a relative lack of state support for Italian cultural institutions compared with other European countries.

 

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