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?
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Replying to @autotrnslucence
Can you give examples of profitable art? Certain kinds of profitable art lots of funding - like video games
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Replying to @josephgentle
(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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Replying to @autotrnslucence @josephgentle
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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