The Washington National Opera announced it will leave the Kennedy Center due to financial constraints and changes in management under President Trump's influence, seeking to operate independently and move performances to other venues.
Since President Trump took over the Kennedy Center in February, ticket sales have significantly declined, with Trump and his appointees criticizing the previous leadership for poor revenue and aiming to make the center more commercially successful.
Ticket sales and subscription revenue at the Kennedy Center have fallen sharply since President Trump became chairman in February, with single-ticket sales down about 50% and subscriptions declining significantly, impacting future revenue projections.
Alberto Ibargüen, who became the president of the Knight Foundation in 2005, has added the arts as an increasingly prominent part of its funding mix, committing $466 million to the arts since he joined. Ibargüen has just announced his retirement, with a successor to be named by Knight’s board of trustees in about six months. He spoke with The New York Times about the transformational power of the arts and why the Knight brothers absolutely would have approved of funding those punk rock shows.