The LSO underwent periods of eclipse in the 1930s and 1950s when it was regarded as inferior in quality to new London orchestras, to which it lost players and bookings: the BBC Symphony Orchestra and the London Philharmonic Orchestra in the 1930s and the Philharmonia and Royal Philharmonic after the Second World War. This practice continued for the orchestra's first four decades. From the outset the LSO was organised on co-operative lines, with all players sharing the profits at the end of each season. The LSO itself later introduced a similar rule for its members. The LSO was created by a group of players who left Henry Wood's Queen's Hall Orchestra because of a new rule requiring players to give the orchestra their exclusive services. Founded in 1904, the LSO is the oldest of London's symphony orchestras. The London Symphony Orchestra ( LSO) is a British symphony orchestra based in London. Bernard Haitink and the London Symphony Orchestra at the Barbican Hall, June 2011
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