1 January 2013
NYC's Dicapo Opera Theatre Suspends Performances, Embarks on Six-Month Hiatus to Stave off Bankruptcy
New York City's Dicapo Opera Theatre has suspended performances and will enter a six-month hiatus, effective immediately, in order to devote time to fundraising, future artistic planning and in an effort to stave off a bankruptcy filing, the company announced on Wednesday via a message posted to its website.
In the announcement, Michael Capasso, Dicapo's general director, issues an urgent appeal for donations, noting that the company hopes to raise $1.2 million during the hiatus. The funds would reportedly enable Dicapo to pay off its existing debts of more than $600,000 and arrange the funds necessary to finance its 2013-14 season.
After the Metropolitan Opera and New York City Opera, Dicapo is the only opera company in New York City to present a season's worth of staged productions.
"This has been the most difficult decision I have ever had to make in the 31-year history of Dicapo," Capasso writes in the message posted to site. "As you are all aware, I built this company with my own hands. It is my life. You, our devoted audience — subscribers, ticket-buyers, donors — have always been here to support us, and it is only because of you that we have been able to achieve such extraordinary results."
As a consequence of the hiatus, the company will intends to postpone or cancel scheduled performances of Lucia di Lammermoor, Pagliacci and Kismet. According to a press release issued Wednesday, the company's hiatus was prompted by the decision to postpone slated February 2013 performances of The Letter, an opera by composer Paul Moravec and librettist Terry Teachout based on Somerset Maugham's 1927 play. According to the press release, the preparation of a revised version of the opera — which first premiered at Santa Fe Opera in 2009 — was severely delayed by Hurricane Sandy. Consequently, Moravec, Teachout and Dicapo Opera Theatre administrators opted to delay the New York premiere of the work until the beginning of the 2013-14 season.
More information can be found at Dicapo Opera Theatre.
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