Sydney Dance Company Faces $5.2M Deficit, Expands Teaching Programs
Sydney Dance Company (SDC), Australia's leading contemporary dance troupe, has posted four consecutive annual deficits totaling $5.2 million (US$3.7 million), primarily due to higher running costs of its revamped headquarters. Despite reaching new artistic heights, the financial strain has prompted SDC to build up its teaching offerings, which are attracting paying students. The company is leveraging its new classes to generate revenue amid the cash crunch.
Key facts
- Sydney Dance Company posted four consecutive annual deficits.
- Total deficits amount to $5.2 million (US$3.7 million).
- Deficits are attributable mostly to higher running costs of its revamped headquarters.
- The company has reached new artistic heights.
- Paying students are flocking to SDC's new classes.
- SDC is building up its teaching offerings to address the cash crunch.
- The source is the Australian Financial Review.
- The article was published on ArtsJournal.
Entities
Institutions
- Sydney Dance Company
- Australian Financial Review
- ArtsJournal
Locations
- Sydney
- Australia