New Twists In Battle To Revive New York City Opera

“Two bidders with competing proposals to buy the failed opera company’s name and intellectual property in hopes of reviving it are now in talks to try to resolve their differences. The opera’s board is also weighing a third option in a light of a bequest that could be worth millions of dollars. Instead of selling off the company’s assets, the board could reorganize the defunct company through the bankruptcy process, enlisting one of the two bidders as a sponsor of the reorganization plan.”

source ArtsJournal http://ift.tt/1FvJzxH

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