4. Income budgeted for the 2019/20 season was close to 1 billion €.
For the two largest companies it exceeded 100 million €; for the smallest a few 100 thousand; but the average was over 10 million €.
5. Income lost from cancelled performances amounted to 320,730,275 €, which averages 3,272,758 €, and represents one-third of the annual box office income.
Such a loss of revenue was on an unprecedented scale for most companies, but, with strong support from funders, might have been sustainable as a one-off hit. It is the continuing prospect of significantly reduced income which threatens the future existence of opera companies, which is why we asked the more difficult question of predicting what might happen during the rest of the year. Over 80 companies accepted this challenge, with the following results:.
6. Income budgeted for the new season up to end December was over 360 million €, as might be expected for roughly one-third of the season.
7. Income now projected for reduced programmes and capacities is 153.4 million €, which is 42.5 % of the original target. It represents an average shortfall of 2 million € for the period. If similar restrictions on performance and audience were maintained for a full season, that average loss would reach 6 million €.