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Met Opera's Bold Move: 5-Year Deal in Saudi Arabia

9/3/2025

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Summary

Story summary

The Metropolitan Opera has secured a five-year agreement to perform in Saudi Arabia to improve its financial situation.
The deal includes training for Saudi opera professionals and the commissioning of a new opera.
Moody's downgraded the Met's credit rating due to ongoing financial challenges.
The general manager highlighted the necessity for alternative funding to ensure the organization's sustainability.

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Story summary

The Metropolitan Opera has secured a five-year agreement to perform in Saudi Arabia to improve its financial situation.
The deal includes training for Saudi opera professionals and the commissioning of a new opera.
Moody's downgraded the Met's credit rating due to ongoing financial challenges.
The general manager highlighted the necessity for alternative funding to ensure the organization's sustainability.