The New York City Opera had said through its lawyer Kenneth Rosen it was open for a merger with another cultural institution. The iconic American opera company had filed a Chapter 11 bankruptcy protection in court last week after suffering from years of financial difficulties, and was open to partner with a company.
In court on Thursday, Rosen was not clear on who the interested party was or what kind of merger would the two parties had been talking about. Rosen added that the interested buyer was also mulling over the possibility of buying some of the City Opera's businesses.
Opera service organization Opera American was reportedly interested with acquiring City Opera's thrift shop. The historic archives of City Opera had been relocated to Columbia University for storage.
In line with its bankruptcy filing, City Opera had requested a Manhattan court for USD323,000 to reimburse ticketholders of cancelled shows. Judge Sean H. Lane of the U.S. Bankruptcy Court did not approve the request, but had scheduled a hearing later this month.
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