NYC Opera to file for bankruptcy - KMSP-TV

NYC Opera to file for bankruptcy

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A scene from New York City Opera's "Anna Nicole," composed by Mark-Anthony Turnage, at the Brooklyn Academy of Music Opera House. (BAM photo by Stephanie Berger, via AP) A scene from New York City Opera's "Anna Nicole," composed by Mark-Anthony Turnage, at the Brooklyn Academy of Music Opera House. (BAM photo by Stephanie Berger, via AP)

NEW YORK (AP) - New York City Opera's goal to raise $1 million from online contributions on Kickstarter.com has failed, and the company is expected to file for bankruptcy this week.

The company announced Sept. 12 that it needed $7 million by the end of September and said it hoped to raise $1 million of that on Kickstarter.com.

A total of $301,019 from 2,108 donors was pledged on the website, which posted a notice early Tuesday that "funding for this project was canceled by the project creator."

City Opera, which began performances in 1944, said last week it intended to file for bankruptcy and cancel the remainder of its 2013-14 season unless it raised the $7 million by Sept. 30. As of last Thursday, the company said just $1.5 million had been pledged.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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