Overview

• Internal data show subscription revenue fell from $4.41 million to $2.66 million as of June 1, a 36% year-over-year decline equating to a $1.6 million shortfall.
• Theater subscriptions collapsed by 82% in the opening weeks, while ballet and dance bookings dropped 57% and performances for young audiences plunged 85%.
• The new mix-and-match subscription package drew $155,243 from 527 sales, but has not offset substantial losses in traditional season passes.
• Donald Trump’s February board reshuffle installed Richard Grenell as president and Donna Arduin Kauranen as CFO, prompting staff departures and calls for greater financial transparency.
• Leadership is pointing to sold-out free events and plans to book non-Equity tours as strategies to attract audiences and curb costs amid a reported $100 million operating deficit.