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?
Legal barriers - maybe ppl would buy a portfolio of different projects to minimize risk. But looks more complicated; some countries have laws against combining investments in confusing ways to protect investors. Means too much work involved in making lots of small investments.