What is ‘profitable art’?
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In the case of live shows - An investor lends money. A producer assembles a team and produces a show. If it's a great show, in the right market, with the right promo, they sell out every night and nX the investor's ROI.
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Unless the company has a continual pool of capital, they need to borrow/sell equity every season, or every large season. But the turnaround is very quick (6mos/1yr) and good producers will consistently produce sellout shows (and vice versa).
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Can you give examples of profitable art? Certain kinds of profitable art lots of funding - like video games
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(In this context, live shows). Most live productions lose money. A small proportion win big. It's the same kind of distribution as startups. Producers who make profitable shows seemingly struggle just as much as ones who make unprofitable shows to raise money.
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In start-up culture there are often many of a kind competing over the same territory and high probability that one of them will win big. Is that the same for live shows? (idk)
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Territory = geographical location and market-share, yes. I believe so, but I don't know how the distribution compares with startups.
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Because art inherently is risky “future feeling” activity with low probability of hitting upon gold, or it’s decoration not art
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Yes, but people invest in other inherently risky assets (see: literally every crypto project) which has much the same characteristics.
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You may want to read the book Winning Without Pitching. Its website is also really good for creative professionals & entrepreneurs.
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