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date: 24 July 2021

p. 454. Moneylocked

p. 454. Moneylocked

  • D. Kern Holoman

Abstract

In the early nineteenth century, concert finances were simple: income from the season's tickets minus production costs equals income for the musicians. These primitive but workable conditions prevailed into the twentieth century. ‘Money’ looks at the financial side of the orchestra and how it has changed over the years. During the twentieth century, the financing of the orchestra became subject to European–American economic cycles. Over the long term, the most intractable business problem was the direct result of orchestral music's wild popularity: the star system. A few conductors, soloists, and managers began to command astronomical fees for single performances. Current monetary crises, not just in this industry, are presenting huge challenges for the survival of the orchestra in the future.

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