The Royal Philharmonic Orchestra (RPO) is a British symphony orchestra based in London. The RPO was established by Thomas Beecham in 1946. In its early days, the orchestra secured profitable recording contracts and important engagements including the Glyndebourne Festival Opera and the concerts of the Royal Philharmonic Society. After Beecham's death in 1961, the RPO's fortunes declined steeply. The RPO battled for survival until the mid-1960s, when its future was secured after a report by the Arts Council of Great Britain recommended that it should receive public subsidy.
https://en.wikipedia.org/wiki/Royal_Philharmonic_Orchestra