The Fort Worth Symphony Orchestra (FWSO) just crossed another major threshold in their ongoing work stoppage in the form of cancelling all remaining event activity through the end of 2016. For orchestras this size, the winter holiday season is one of the most lucrative earned income opportunities over the course of the season so the decision to cancel the entire lot two months in advance is a bad omen for wrapping up the dispute any time soon.
It also moves the FWSO into one of the more traditionally dark waypoints during a work stoppage where an employer will attempt to ratchet up pressure by introducing heightened personal stress. The decision to cancel the holiday cash cow is a good indication that the FWSO is secure enough with existing cash flow to risk any lost revenue if it means securing desired concessions.
The decision also introduces another contentious element by way of enduring a major holiday season amidst a work stoppage. If you’re curious to learn more about the sorts of pressures that build during that period and time, we now have a detailed record thanks to the season killing work stoppage at the Minnesota Orchestra, which was chronicled with a great deal of detail as it happened.
You can visit the Minnesota Orchestra article archive and see for yourself just how much stress around the holiday season contributes to making a bad situation worse.
I suggest beginning here and working your way forward chronologically through the winter holiday season. Make sure you don’t miss the second round of holiday season work stoppage angst around this point in the timeline.
[vc_row][vc_column][vc_column_text]There's a good article in the 12/7/2016 edition of the Star-Telegram by Andrea Ahles that examines some of the key terms from the Fort…
2 thoughts on “Fort Worth Symphony Just Lost The First Half Of Their Season”
Drew, where would “existing cash flow” be coming from if the FWSO is not producing concerts that create earned income? Could only come from board contributions (which means tacit approval of management’s current position) and perhaps some grant funds that were already secured and could be used in the second half of this season should an agreement be reached.
That’s an excellent question and although single ticket income is going to be the primary source of earned income, the organization will still manage to secure a modicum additional ticket revenue from the tail end of subscription sales but the primary source will be unearned. Contributions, regularly scheduled grant and endowment disbursements, investment income, government support, etc.
Drew, where would “existing cash flow” be coming from if the FWSO is not producing concerts that create earned income? Could only come from board contributions (which means tacit approval of management’s current position) and perhaps some grant funds that were already secured and could be used in the second half of this season should an agreement be reached.
That’s an excellent question and although single ticket income is going to be the primary source of earned income, the organization will still manage to secure a modicum additional ticket revenue from the tail end of subscription sales but the primary source will be unearned. Contributions, regularly scheduled grant and endowment disbursements, investment income, government support, etc.