Problem Statement
The Ballet Philippines gets its funds from two major sources: ticket-selling and subscription packages or sponsorships. However, the revenues it obtains from these sources are not sufficient to support the expenses of the company. The expenses involved in ballet are quite high. These include the costs of costumes, shoes, tours, performances, training, and artists' compensation. The hard truth is that Ballet Philippines is not financially sustainable.
The root of this problem could be traced to the revenue-generating activities of Ballet Philippines. The proceeds from the ticket sales are negligible. The audience in a show is mostly composed of the friends and relatives of the performers whose tickets are only complimentary. On the other hand, the number of subscribers of their sponsorship packages has been declining. The company simply does not have enough sources of income.
The lack of patrons of ballet performances could still be further traced to the lack of......
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Approximate Word Count: 1303
Approximate Pages: 6 (260 words per double-spaced page) |