Atlanta Symphony Ended 2014-15 Season With A Surplus | WABE 90.1 FM

Atlanta Symphony Ended 2014-15 Season With A Surplus

Aug 13, 2015

The 2014-15 Atlanta Symphony Orchestra season started with a lockout, but it ended with a surplus.
Credit Atlanta Symphony Orchestra

The Atlanta Symphony Orchestra ended its 2014-15 season with a surplus in revenue, the first time it's done so in over a decade. 

An exact amount has not been disclosed yet, ASO said.

But the ASO musicians were awarded their bonuses last week. The successful awarding of bonuses, however, was in part due to the fact that musicians were not paid during the lockout last year, which delayed the season opener from Sept. 25 to Nov. 13.  

Previously an ASO board member, Terry Neal became interim CEO of the orchestra last October.
Credit Atlanta Symphony Orchestra

“We believe that even if there had not been a lockout, we would have been in a surplus position today,” said ASO interim CEO Terry Neal.

As per the compromise between the Woodruff Arts Center, ASO's parent organization, and the ASO musicians, the orchestra was reduced to 77 musicians. Over the next four years, Neal said that the administration strives to raise $25 million to permanently endow 11 more positions in the orchestra.

WABE’s Lois Reitzes spoke with Neal, who was previously an ASO board member, about his time as the CEO.