Art or box office? How Hong Kong plans to measure the value of a play, ballet or symphony

Established performing arts groups in Hong Kong should rely less on public subsidies to make way for emerging companies, industry experts have said, after the city’s leader announced a revamp of the funding model in favour of a more flexible, non-permanent and merit-based system.

But a few directors of the city’s nine designated major performing arts groups in music, dance and theatre said the economic downturn had…