Opera faces many economic problems today

One critic argues opera needs a new business plan

Christos Makridis, a labor economist at Arizona State University, argues that the public has an appetite for the art form, but that the industry's business model is dated, relying too heavily on philanthropy and aging season ticket holders rather than embracing innovation.

Music writer Paul Morley believes opera is an antidote to social media consumption

Music writer Paul Morley weighs in on the debate about the relevance of opera. While acknowledging criticisms that opera is snobbish and outdated, Morley argues the lengthy, emotive, and literary art form presents an important intellectual opposition to today’s world of fast-paced online consumption. Opera endures because it provides hope.

Making an opera is expensive and requires many people to reach the stage

Bringing an opera to the stage is a detailed, demanding, and costly process. Following the lead ​​of Phillip Glass’s “Akhnaten” before its performance at the Metropolitan Opera House in Manhattan, this Vox video displays the rehearsals, vocal lessons, intricate costumes, and even juggling involved in putting on a show.

The most performed operas of the 21st century are largely from the 19th century

Opera's not dead, but it does seem stuck in the past: Five of the top 10 most performed operas in the 21st century are from the 1800s. Three are from the 1700s, while two are from the 1900s. None are from this century.

Operas can be serious, comedic, or both

Opera is a complex art form that includes a range of genres. The most commonly presented types are opera seria, opera buffa, opera semiseria, opéra comique, and grand opéra. Each genre varies in its philosophy and approach, with differences in subject matter, tone, and display.

Many shows close without earning a profit

Broadway is a tough market, and a show closing early is relatively common, especially in the winter: Between December 2024 and February 2025, 17 shows closed. It's more than just low ticket sales: Broadway shows face a number of hurdles to success, including stop clauses and bad reviews.

Pop music is often influenced by opera, but rarely embraces the full form

An example is pop singer Rosalía's album "Lux," where she borrows from opera, particularly in her more theatrical approach to singing, without fully embracing the form's theatrics and storytelling.

Soap operas are significantly less popular now than in past decades

In the genre’s heyday, soap operas commanded large audiences. But recent decades have found the soap opera in steep decline. One data journalist suggests it's an issue of classification: Shows similar to soap opera, like “Grey’s Anatomy,” remain popular, though they’re not considered soap operas because they resemble “prestige television.”

Rent the Runway recently lost over 90% of its value

The COVID-19 pandemic and increased competition post-2020 are just two factors plaguing the designer clothing rental company.

The money behind Eurovision

Countries pay to take part in Eurovision, with the biggest economies—Germany, the United Kingdom, France, Italy, and Spain, also known as the Big Five—paying the most. That unequal entry fee is not entirely for charity's sake: The Big Five countries are guaranteed spots in Eurovision's finals.

The Federal Reserve acknowledged the impact of the 'Eras' tour on regional economies

Taylor Swift’s music has become so successful, and her global fan base so extensive and so committed, her touring is as much of an economic story as it is an artistic one. Taylor’s tours bring a financial boost to sectors including hospitality and travel.

The complicated economics of horse racing

The Triple Crown commands big ratings (and enormous amounts of money in betting) but the sport as a whole is in a precarious position, thanks to limited tracks and an overreliance on subsidies. This special from Freakonomics unpacks what all that means for the future of the sport.

The ancient Games at Olympia ended after 1,500 years due to economic issues

The ancient Olympics came to an end in 393 CE, and some historians point to Christian Roman emperor Theodosius I's ban on celebrating pagan festivals. This article explores an alternative theory: a bad economy. The writers cite the Theodosian Code, which makes no mention of the Olympics, and multiple records that mention the Olympics after Theodosius' death.

Is the pandemic performance art?

Interdisciplinary artist Kristina Wong sees parallels between the early days of the COVID-19 pandemic and some of the “worst performance art” she’s encountered in her career. Wong’s sharp sense of humor and clever writing mean that she gets in some good digs at the more ridiculous side of performance art, but don’t let her funny fool you: this is an incisive piece on the role of performance, empathy, trauma, and art in all our lives.

Spotify took 18 years to reach profitability; 70% of revenue goes to rights-holders

The music streaming company lost revenue for years as it sought to grow, but once it went public, investors pushed the company to expand into podcasts, cut costs, and prefer passive mood listening via algorithmic curation to increase value. Users have mixed feelings about using it.

Government shutdowns can cost the US economy billions

The Congressional Budget Office estimated that the 2018-19 shutdown reduced economic output by about $11B, including a permanent loss of roughly $3B

The university system has an enrollment problem

Enrollment has dropped over the past few years—especially for men. In this Freakonomics podcast episode, educators and economists explain why they think college enrollment has been on the decline. They also offer solutions and make predictions for the future of college.

OPEC can roll out production cuts among its members to control oil’s global supply and price

The Organization of the Petroleum Exporting Countries (OPEC) was created to coordinate and unify petroleum policies to secure fair and stable prices. During the pandemic, for instance, the organization pushed through production cuts in an attempt to stabilize prices.

Francis Ford Coppola's first musical led him to bankruptcy

The ambitious (and expensive) 1981 movie musical had a budget of $26M, but earned under $1M at the box office. The flop led to a financially difficult period for the renowned director, who declared bankruptcy three times in the decade following the movie's release.

The Oregon Shakespeare Festival is the largest repertory theater in the US

Based in the small hamlet of Ashland, the Oregon Shakespeare Festival produces works both by the Bard and more contemporary writers, attracting thousands to the town's three theaters.

Only 28% of Americans think restaurant prices are fair

Seven in 10 Americans dine out at least once a month, but only 28% of diners think menu prices are fair, a 2025 YouGov survey found. That changes only slightly by income, with 44% of higher-income Americans finding the prices fair.

The COVID-19 pandemic led to a decrease in immunizations in the US and worldwide

Public health funds and resources that were diverted to COVID-19 response reduced efforts to combat polio and vaccinations for polio and other diseases declined during the pandemic, putting more people at risk for polio.

Modern examples of oligopolies include the airline industry

An oligopoly is a market structure dominated by a few key suppliers. In the US, as of 2021, just four airlines (Delta, United, Southwest, and American) controlled nearly two-thirds of all domestic flights, making the US airline industry one example of an oligopoly.

Theoretically, you could lose a bunch of your organs and still survive

If surgeons removed organs including one of your lungs, a kidney, your spleen, appendix, tonsils, part of your liver, and even some of your reproductive organs you could still survive. Watch this animated video which dives into the organs you could conceivably live without.

Why can't we see Mona Lisa's eyebrows?

The world's most famous painting is missing something. And it took centuries for experts to figure out what. In this episode, August Moon investigates what happened to the Mona Lisa's eyebrows—analyzing infrared scans, tracking 500 years of restoration, and examining a forgotten copy from Leonardo's studio. But he uncovers something bigger: what we lost after the 1911 theft that has nothing to do with the painting leaving the Louvre.

Art theft is the third-largest source of criminal revenues worldwide, thanks in part to the subjective nature of valuing a work of art.

The distributor behind 'Rocky Horror' pulled the film from its scheduled national release, believing it would be a failure, though it eventually amassed a dedicated fanbase through midnight showings, a trend that continues over 50 years later.

About 2,000 US babies are born annually without some portion of their limbs, potentially leading to a lifetime of pricey prosthetics.

The price of gas is a composite made up of several different factors, with the federal gas tax making up less than 20% of what drivers pay at the pump.

The USPS spent $3.97B in 2024, accounting for .058% of the federal budget.

Netflix profits when you're not watching, and its movies are designed that way—read a detail-rich critical essay exposing lesser-known Netflix takes

American dance legend Martha Graham, sometimes called 'the Picasso of dance,' refused to perform at the 1936 Olympics in Berlin and conceived the piece 'Chronicle' in response to the experience.

Hotels in Cannes, the glamorous city on the French Riviera, hire hawks to ward off seagulls during the city's famous film festival.

Frank Lloyd Wright's houses are historically hard to sell because they're old, subject to local landmark commissions, and often unfashionable

Fish populations in the Great Barrier Reef have increased after installing waterproof speakers on the ocean floor that played recordings of sounds from healthy coral reefs.

SpaceX's S-1 or 'prospectus' revealed many previously unknown details about the company, including its unprofitability despite doing $18.7B in revenue in 2025, exactly how many voting shares Elon Musk will have in the company (roughly 85%), and more.

The hormonal disorder PCOS was renamed PMOS in 2026, a move designed to improve care and research by shifting the focus to the hormonal causes of this condition that affects 1 in 8 women.

The most expensive ad of all time was for Chanel No. 5 perfume and cost roughly $33M to produce in 2004—about $57M in today's dollars.

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

Up to a million Girl Scouts sell about 200 million cookie boxes every spring, generating $800 million, largely because refusing a child is frowned upon

A vending machine run with Anthropic's AI went out of business after it was convinced to give away items for free and sell a video game console.

Most of the observable universe's volume consists of voids and supervoids—enormous regions of space with little to no galaxies, stars, or light.

Some renewable energy sources may weaken the resiliency of electric grids by removing outage buffers provided by coal- and natural gas-fired plants, which provide the system with more time to find a new power source if a plant goes down.

A century of Billboard issues documenting the evolution of popular music.

Apeirophobia is an overwhelming fear of living forever, perhaps stemming from the brain's inability to conceptualize an infinite life.

Three Ebola species are responsible for most large outbreaks of the disease, yet the only approved Ebola vaccine is known to work against just one of them.

Play the role of a student in a game where you try to navigate college and remain debt-free, selecting different income levels, high school experience, race, ethnicity, and more.

The Russia-Ukraine conflict is the largest ground war in Europe since World War II in terms of casualties, forces mobilized, and displacement of civilians.

SpongeBob exemplifies Aristotle's philosophy for living well because he understands that happiness doesn't come from external factors like money, recognition, or power.

Chaos theory—informally known as the butterfly effect—is the reason why weather forecasts are presented with probabilities rather than certainties.