Something rotten in the state of the arts

Article Abstract:

The Royal Shakespeare Company (RSC) received an annual subsidy from the Arts Council of 6,045,000 pounds sterling for 1990, but according to RSC Financial Controller Bill Wilkinson, the company faces a deficit of 1.9 million pounds sterling. The RSC has had to scale back the season by four-and-one-half months in order to keep the deficit at a manageable level which, according to Wilkinson, would have exceeded 4 million pounds sterling without such a move. A Cabinet Office study had recognized that the RSC was seriously underfunded and recommended the indexing of its subsidy, but the recommendation was not enacted. Wilkinson points out that the RSC does supplement its income with sponsorships, but believes that the time consumed by pursuing sponsorships makes the exercise counterproductive.

Management, Royal Shakespeare Company, Great Britain, Wilkinson, Bill

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Out with the new?

Article Abstract:

The financial problems of technology companies based on the new economy, and the return to popularity of old economy traditional businesses in 2000 are discussed, with focus on the future opportunities of electronic commerce.

Usage, Europe, Economic aspects, Internet, Cover Story, Economic policy, Electronic commerce, E-commerce

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Staging a comeback

Article Abstract:

Developing a winning formula of hit stage show, financial backing and high ticket sales has encouraged many firms to seek investments in the British theatre sector, especially the West End.

Theater

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