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Last updated: October 01. 2013 12:43PM - 406 Views
Associated Press



This Sept. 15, 2013 image released by the Booklyn Academy of Music shows, foreground from left, Sarah Coomes, Robert Brubaker and Sarah Joy Miller in a Scene from "Anna Nicole" composed by Mark-Anthony Turnage at the Brooklyn Academy of Music Opera House in the brooklyn borough of New York. New York City Opera says it likely will fail in its goal to raise $7 million by Monday, the deadline it set for suspending the bulk of its 2013-14 season. (AP Photo/BAM, Stephanie Berger)
This Sept. 15, 2013 image released by the Booklyn Academy of Music shows, foreground from left, Sarah Coomes, Robert Brubaker and Sarah Joy Miller in a Scene from "Anna Nicole" composed by Mark-Anthony Turnage at the Brooklyn Academy of Music Opera House in the brooklyn borough of New York. New York City Opera says it likely will fail in its goal to raise $7 million by Monday, the deadline it set for suspending the bulk of its 2013-14 season. (AP Photo/BAM, Stephanie Berger)
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(AP) New York City Opera says the company will file for bankruptcy protection and wind down operations after failing to raise enough money to stage the rest of its season.


The company announced Sept. 12 that it needed $7 million by the end of September.


Spokeswoman Risa Heller said Tuesday that City Opera "did not achieve the goal of its emergency appeal. Today, the board and management will begin the necessary financial and operational steps to wind down the company, including initiating the chapter 11 process."


As of last Thursday, the company said just $1.5 million had been pledged. It hoped to raise $1 million on Kickstarter.com but a total of $301,019 from 2,108 donors was pledged on the website.


Associated Press
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