Just got off a skype with my producer bff who is kicking ass in London where we pondered the question - why is it so hard for profitable art to get funding? Is it lack of market aggregation? Information flows? Legal barriers against instruments that would minimise volatility?
Information flows - even if all the projects are grouped together, if there's no way to tell the good ones from the bad ones (like financial data, track records), ppl don't invest because it all looks risky, or only invest in ppl they trust personally.