Related News: ‘This Space for Rent’: In Europe, Arts Now Must Woo Commerce
February 6, 2011 § Leave a comment
“European museums are reeling from culture shock these days. Long reliant on government subsidies, they avoided the layoffs, salary cuts and ticket increases that struck American museums hard in 2009 when the endowments upon which they depend plunged with the financial crisis. But now European arts institutions are facing a squeeze too: government subsidies are falling and corporate donations have dwindled as the economic crisis spreads. The combination is forcing even the grandest museums to seek new revenue sources.”
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