Blockbuster Dependence

The year of Rembrandt has ended. About five years ago, the directors of four major Dutch museums began planning the 2019 commemoration of the great master’s immortal legacy, as he had passed away 350 years prior. Together with the Netherlands Board of Tourism and Conventions, they went all out, and museums flocked to participate. The marketing machine was operating at full capacity. The Netherlands devoted an entire year to the art of the Dutch Golden Age. And Rembrandt? Obviously, he instantly belonged to everyone. At the opening of the Young Rembrandt exhibition at Museum De LakenhaI, best-selling Dutch author Ilja Leonard Pfeijffer exclaimed that he could no longer look at Rembrandt’s face. The exhibition has concluded. The paintings, prints, and drawings were removed from the walls, packed in boxes, and shipped last week. Now, people are eager to know how successful your event was: how many visitors did you receive?
However, there were many. On certain days, it was physically impossible to view the exhibition in its entirety. Everyone was swarming around the paintings, peering over one another’s shoulders, and eagerly taking pictures. Indeed, everything was very special. Our team exerted considerable effort to dethrone the renowned Rembrandt. To demonstrate how, over the course of ten years, he went from being an amateur painter to an accomplished master painter through a great deal of dedication and effort. The curators did not conceal his early failures. In contrast, they demonstrated that Rembrandt was a painter of flesh and blood who constantly experimented to advance. Who learned through experimentation. There were numerous comparisons between the works of Rembrandt, his masters, and the other young painters with whom he collaborated, such as Jan Lievens and Gerrit Dou. Next to each other, loans from the Getty Museum in Los Angeles and the Gemldegalerie in Berlin shone. Paintings from English mansions were exhibited for the first time to the public. There was a great deal to see. Initially, the museum had envisioned 75-minute time slots, but visitors took significantly longer. In terms of its subject matter, the exhibition was a great success. Numerous reviewers and visitors reported having had unforgettable experiences.
This is the perverse system in which we are gradually becoming entangled. A system in which Dutch museums bid against one another with large, money-guzzling blockbusters that require more money and more visitors each time, and in which success is measured solely by revenue and visitor counts. Uncertainty surrounds the limit of this visitor potential. It is a sign of the most persistent disease of our time: growth addiction. A person who is addicted cannot break a habit, and over the past several decades, we have all become addicted to growth. This means that Dutch museums are now required to bend over backwards. To finance exhibitions such as Young Rembrandt, excessive numbers of paying visitors, tourists, funds, and deception are required. And none of it is sustainable, as the entire museum circus is set up anew for each exhibition. The question is when will the tide change?
(Translation by Boet de Willigen and Angel Perazzetta).

Summary

Museums are addicted to blockbuster exhibitions, but the truth is that blockbusters are no longer viable for middle-sized city museums. The costs are astronomical.

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{“article”:{“text”:” The purpose of creating an ESG (environmental, social, and governance) green energy fund is to assist other businesses in making sustainable investments, according to Foxconn Chairman Young Liu. This followed China’s recent power outages in Sichuan, underscoring the reality that ESG is now a crucial component of the supply chain. The requirement to invest in ESG has emerged as a fresh obstacle for industry management globally. However, before firms can support ESG investing, they must first generate enough profitability. Liu thus presented an EPS (earnings per share) plus ESG sustainability formula. Liu disclosed that Foxconn intends to create an ESG green energy fund to promote and execute ESG and to hasten the development of environmental technologies in order to further increase the influence of the sustainability formula on the supply chain. According to Liu, the EPS ESG formula is suggested since if a company is not profitable, all other efforts are useless. A corporation won’t be able to create strategies for ESG if it doesn’t have the required income and profitability. According to Liu, EPS and ESG are not mutually exclusive. For instance, Foxconn has made aggressive plans to enter the EV business and is highly enthusiastic about the future of electric cars (EV). Foxconn’s investment in EVs is focused on both the ESG characteristics of the industry as well as its potential. An illustration coming from the other direction is the recent power outage in Sichuan, China, which was brought on by the region’s supply chain being disrupted by the high temperatures brought on by harsh weather. When questioned about the power outage, Liu acknowledged that it had some impact on Foxconn’s output, albeit it is not expected to have a significant impact. Liu underlined that people need to be more concerned and attentive to problems brought on by global warming. This power outage happened in China, but the drought brought on by global warming is a worldwide problem. Platformization is one of the conditions for an industry to develop, according to Liu. A platform is also necessary to encourage the growth of ESG, with a large company serving as the leader. Foxconn therefore expects that in addition to promoting ESG internally, the launch of the ESG green energy fund would help the industry and supplier chain improve as well. According to Liu, the fund’s primary objective will be to invest in initiatives connected to sustainable green energy, including power plants, new environmental technologies, and renewable energy. This is so because the use of green energy is crucial for implementing ESG. However, many small- and medium-sized businesses find the expense of purchasing green energy to be quite high (SMEs). As a result, it is hoped that the creation and investment of the green energy fund will help SMEs acquire clean energy.

The purpose of creating an ESG (environmental, social, and governance) green energy fund is to assist other businesses in making sustainable investments, according to Foxconn Chairman Young Liu. This followed China’s recent power outages in Sichuan, underscoring the reality that ESG is now a crucial component of the supply chain.

A new issue for industry management across the globe is the requirement to invest in ESG. However, before firms can support ESG investing, they must first generate enough profitability. Liu thus presented an EPS (earnings per share) plus ESG sustainability formula. Liu disclosed that Foxconn intends to create an ESG green energy fund to promote and execute ESG and to hasten the development of environmental technologies in order to further increase the influence of the sustainability formula on the supply chain.

According to Liu, the EPS ESG formula is suggested since if a company is not profitable, all other efforts are useless. A corporation won’t be able to create strategies for ESG if it doesn’t have the required income and profitability.

According to Liu, EPS and ESG are not mutually exclusive. For instance, Foxconn has made aggressive plans to enter the EV business and is highly enthusiastic about the future of electric cars (EV). Foxconn’s investment in EVs is focused on both the ESG characteristics of the industry as well as its potential.

An illustration coming from the other direction is the recent power outage in Sichuan, China, which was caused by high temperatures brought on by harsh weather and had an impact on the local supply chain. When questioned about the power outage, Liu acknowledged that it had some impact on Foxconn’s output, albeit it is not expected to have a significant impact.

Liu underlined the need for people to care about and pay attention to concerns brought on by global warming. This power outage happened in China, but the drought brought on by global warming is a worldwide problem.

Platformization is one of the conditions for an industry to develop, according to Liu. A platform is also necessary to encourage the growth of ESG, with a large company serving as the leader. Foxconn therefore expects that in addition to promoting ESG internally, the launch of the ESG green energy fund would help the industry and supplier chain improve as well.

According to Liu, the fund’s primary objective will be to invest in sustainable green energy-related projects, like as power plants, new environmental technologies, and renewable energy sources. This is so because the use of green energy is crucial for implementing ESG. However, many small- and medium-sized businesses find the expense of purchasing green energy to be quite high (SMEs). Therefore, it is hoped that the creation and funding of the green energy fund will help SMEs acquire clean energy.

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