The Nashville Symphony has received a $10 million gift from the technology company Oracle, just days after it had made the difficult decision to suspend its current season and furlough musicians and other staff members because of financial difficulties. The gift will allow the symphony to resume the season — roughly 10 concerts are scheduled before year’s end — and to retain staff, Mark Tillinger, Nashville Symphony’s president and chief executive, said in a news release on Sunday.
At the end of September, the symphony announced that it did not have enough money to sustain itself and would have to cancel performances. “The past week has been difficult for our musicians, staff and community,” Tillinger said. “The uncertainty was real, and we recognize the concern and frustration it caused.”
Oracle, the technology and database management company, is building its new headquarters in Nashville and its gift to the orchestra, its chief executive said, was a demonstration of commitment to supporting the arts in the city. Oracle’s chief executive, Clay Magouyrk said in a statement, “We are here to help solve the community’s problems and ensure Nashville remains a vibrant place to live and work for generations to come.”
Source: New York Times Business · Summarized by HeadlinesBriefing