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Canada’s live performing arts industry generated operating revenues
of $1.2 billion in 2007, up 2.8% from the previous year.
These revenues were split almost equally between the for-profit and not-for-profit
sectors.
The operating profit margin for the industry as a whole rose slightly
from 5.7% in 2006 to 5.9%.
For the for-profit companies, the margin rose from 10.3% in 2006 to 11.6%in 2007,
while for not-for-profit companies, it declined from 1.2% to 0.1%.
All performing arts disciplines posted a surplus, except not-for-profit theatre,
which incurred a loss of 1.6%.
Musical groups and artists – everything from orchestras to rock
groups – accounted for 29% of total operating revenue in 2007,
while theatre companies accounted for 27%.
The remaining 44% was split among musical theatre groups, including
opera companies, as well as dance companies and a miscellaneous category that
includes circuses and ice skating shows.
Operating expenses for the industry totaled just under $1.2 billion.
Nearly one-third of operating expenses of performing arts companies consisted
of salaries, wages and benefits paid to employees.
The salary and wage expense does not include fees paid to contract workers.