The Edinburgh Fringe Festival is the world's largest arts festivals, with over 3 million visitors each August. Last week it announced a series of major reforms to the ways it does business and treats employees and artists. It pledged to work towards lessening its environmental impact, and instituted new rules to "manage the scale" of the festival over the coming years. It's both a recognition … [Read more...]
Archives for June 2022
The UnderTow: The High-flying Oil Industry fears “Demand Destruction.” Should the Arts?
Oil prices are at a record high. And profits are rolling in. But there's an intriguing phenomenon in the oil industry called "demand destruction." It means when prices get too high for too long, consumers invest in alternatives and don't return. The arts have faced their own version of demand destruction when COVID shut down live performances. Is there anything to be learned from how the oil … [Read more...]