Good Morning,
Pace Gallery is cutting 50 artists and 50 staff — about half its roster — and with them, the idea that mega-gallery expansion was the art market’s future (The New York Times). Also this week, Suno, the AI music-generation company, more than doubled its valuation to $5.4 billion (The Hollywood Reporter). Capital available for culture is relocating — out of representing artists, into simulating them.
Colorado passed a landmark law letting artists protect their rights by incorporating (The Colorado Sun). All eleven Edinburgh festivals want to build a common ticketing platform — shared infrastructure instead of eleven competing box offices (The Guardian). And Chicago launched a new fund for emerging theater companies, the layer of the field that usually gets crumbs (WBEZ).
Sad news: Marjane Satrapi, whose Persepolis changed what comics could carry, has died at 56 (Deadline). And in London, this year’s Serpentine Pavilion is — finally — actually serpentine (The Guardian).
All of our stories below.
Doug
