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Sad! Philadelphia Orchestra Files For Bankruptcy!

| Filed under: Icky Icky PooMusic MinuteSad SadBusiness Blitz

philadelphia orchestra files for bankruptcy

Hopefully they can figure something out!

The world-famous Philadelphia Orchestra has filed for Chapter 11 bankruptcy after running into tough times.

Here's what Board chairman Richard Worley had to say about the decision:

"We're running low on cash, we're running a deficit, and we have to put ourselves in a position to attract investment funds to help us."

And here's what chairman of the members committee John Koen had to say about it:

"It was a terrible letdown. I think this is a tragic decision for the orchestra."

"A big orchestra has never done this before. It's impossible for the musicians not to feel betrayed by the board of directors … It feels like a vote of no confidence for the future of this orchestra that's been around for 111 years and world famous for 99 of those years at least."

More from principal oboe Richard Woodhams:

"We're in a state of shock, really. I think it's a very, very sad day for culture in the United States and the world."

Many orchestra musicians are upset with this decision, and there is def animosity towards the management, following recent pay cut talks during contract negotiations.

We truly hope this doesn't mark the beginning of the end for the Philadelphia Orchestra.

Very, very sad.

[Image via WENN.]

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6 comments to “Sad! Philadelphia Orchestra Files For Bankruptcy!”

  1. 1

    cue the violins

  2. 2

    Perez, if you want classical musicians to still have jobs this century, try talking about the symphonies on your website. People might start donating money to the orchestra and buying tickets to concerts. Most orchestras rely on donations anyways.

  3. sanaa says – reply to this


    Re: Mackenzie Danner – Great advice to Perez Mackenzie he should start talking about music other than Top 40. Also, these orchestras need to retool and change with the times while at the same time preserving a sense of history.

  4. 4

    Oh! And they just hired this cute, gay, montrealer as their new conductor… bad timing!
    It's such a shame!

  5. 5

    my uncle plays in the Philadelphia Orchestra and he is beside himself. He has played with them for at least 30 years and both his sons have been it for the past 10 years.

  6. 6

    I've always been a fan of the Philadelphia Orcestra and this is very upsetting news. Crossing fingers that donations will come pouring in, and that they'll renewed interest in the Philly Orchestra.