Nashville Symphony officials have announced a record for ticket sales and fundraising in the recently completed 2014-15 concert season.
Ticket sales totaled $9 million and exceeded sales from the previous season by more than $250,000, according to a release. In total, 36,340 ticket buyers purchased 174,994 tickets during the year; 18,763, or 51 percent, of those ticket buyers were new patrons.
The nonprofit also raised more than $6.7 million during 2014-15 season, up 12 percent from the number of the prior season.
The Symphony exceeded its budget projections by more than $150,000 and remains on track to eliminate its operating deficit within the next two years.
The numbers offer context given that in 2013, the nonprofit faced foreclosure related to outstanding debt owed on its home, the $123 million Schermerhorn Symphony Center.
“We are incredibly proud of the Nashville Symphony’s phenomenal progress, which is truly a testament to our amazing musicians, staff and volunteers, and simply would not be possible without the overwhelming support of the entire Middle Tennessee community,” Alan Valentine (pictured), Nashville Symphony president and CEO, said in the release. “Recent years have seen our organization re-focus and adapt while never losing sight of our role as a leader in Music City’s vibrant culture of music, and I’m confident that those efforts are creating a solid foundation for even greater success and future growth.”
Meg Giuffrida, the former owner of the Red Wagon in East Nashville, has teamed up with the Schermerhorn Symphony Center team to turn the café on the performance hall's ground floor into Cherry Street Eatery & Sweetery. Dana Kopp Franklin has the details here.
She says the symphony approached her about the collaboration, and it's turning out to be a pretty perfect partnership. Giuffrida has a uniquely diverse resume. After closing Red Wagon, she launched a side business making charming A-line skirts from vintage fabrics, and later ran food services at the Martha O'Bryan Center, feeding and teaching hundreds of needy kids in the East Nashville community, and she also launched the Second Rise Kitchen bakery and culinary job training program for adults. Later, she did a stint running the hot bar at The Turnip Truck Urban Fare.
Nashville Symphony officials announced today the launching of a KickStarter project to record three works by American composer Joan Tower.
The orchestra has set a goal of $15,500 to fund the recording this fall of Chamber Dance, Stroke and Violin Concerto live in concert at the Schermerhorn Symphony Center.
Tower has been composing for more than 50 years.
The announcement follow’s a recent contract agreement between the symphony and its musicians (read more here).
Bank of America has served notice of foreclosure on the nonprofit Nashville Symphony, saying it plans to auction off the Schermerhorn Symphony Center on June 28.
Steve Cavendish and The City Paper have the story here.
The banks holding the Nashville Symphony's debt have given the latter a deadline of this week to repay that money or face foreclosure on the Schermerhorn Symphony Center. That could lead to the Symphony filing for bankruptcy, which the hiring of Bob Mendes of Frost Brown Todd would suggest is a serious consideration.
Sources have told Nashville Post reporter Ken Whitehouse that the lender group led by Bank of America is "evaluating legal options related to the 60-plus-member board’s oversight of the symphony’s finances, including any potential liability issues." But some of those board members say they didn't always have the information they needed to make the best decisions for the Symphony's future.
Various board members contacted by The City Paper over the past two weeks have stated that they had been unaware of the depth of the financial problems experienced by the organization until the symphony leadership announced the situation publicly three weeks ago.
A group of heavy-hitters will from the corporate, government, media, research and foundation sectors will be in Nashville on Wednesday, Nov. 14, for the Global South Summit, to be held from 7 a.m to 9:30 p.m. at the Schermerhorn Symphony Center.
The group, some members of which are internationally known in various circles, will serve as speakers and panelists during the event. Held annually in Nashville, the summit focuses on how world food production impacts the global economy and helps define solutions that "create nutritional abundance through innovation." This year’s event will, in part, serve to launch a series of global food summits leading up to Expo Milano 2015, which will focus on the theme "Feeding the Planet: Energy for Life."
CumberlandCenter, a Cumberland, Tenn.-based alliance of academic and business officials, oversees the Global South Summit.
Participants will include the following:
• Thomas Friedman, Pulitzer Prize-winning journalist
• Francis Collins, director, National Institutes of Health
• Ted Abernathy, president and CEO, South Growth Policies Board
• Rajiv Shah, administrator, USAID
• Ernesto Brovelli, senior manager, sustainable agriculture, The Coca-Cola Company
• Steve Currall, dean of the Graduate School of Management, UC Davis
• Juergen Voegele, director, Agriculture and Rural Development Department, The World Bank
• Edward Zhu, chairman and CEO CHIC Global
• Mary Walshok, associate vice chancellor, UCSDConnect
The Nashville Symphony has introduced a holiday gift card and debuted a holiday kiosk at The Mall at Green Hills, open through December.
Nashville Symphony gift cards can be redeemed for concert tickets, food and beverages at Schermerhorn Symphony Center’s restaurant and café, or items in the Symphony Store. The gift cards are available at the Schermerhorn box office, the mall kiosk and Christmas Village at the Tennessee State Fairgrounds.
The Inspirational Country Music Awards will be held at the Schermerhorn Symphony Center this year, a new venue for the event. Music Row reports that the Oct. 28 awards show is the capstone of Inspirational Country Music Week, taking place at The Millennium Maxwell House Hotel in MetroCenter.
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