Artistic directors included Carlo Peroni (1941–1942) and Fausto Cleva (1944–1946), and until 1945 Fortune Gallo was general manager.
After the war, when consumer goods became more abundant and people spent less money on entertainment, interest in opera collapsed and the company went bankrupt.
Rather than try to re-organize, the remaining assets were given to the largest creditor, the landlord of the Civic Opera House, Household Finance, who then paid off the other remaining creditors.
One of the original group of organizers was Max Rabinoff.
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