“Berklee College of Music and The Boston Conservatory have agreed to merge, according to a financial filing,” writes Eric Convey in Monday’s (12/21) Boston Business Journal. “The merger is expected to close June 1, 2016, ‘subject to the receipt of regulatory approvals and satisfaction of certain other conditions.’ Berklee has about 4,900 students, nearly all of them undergraduates. Boston Conservatory has about 700 students, about 500 of whom are undergraduates. The two schools announced in June that they were exploring a merger, citing a collective desire to ‘create a visionary response to the rapidly evolving needs of 21st century artists.’ At the time, the schools said The Boston Conservatory’s programs in music, dance and musical theater would retain autonomy, while Conservatory students would have access to Berklee’s studies in jazz and contemporary music, among other areas of study. A Berklee spokeswoman said more details will be available in January when students return to both campuses.… The Boston Conservatory was founded in 1867 and reported annual tuition revenue of $21.46 million. Berklee, founded in 1945, reported annual tuition of $152.87 million in fiscal 2015.”
Posted December 23, 2015
