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Thursday, November 5 • 3:45pm - 4:45pm
About That Definition of Insanity: Museum Business Models and New Revenue Streams in the Digital Economy

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Along with the music industry, newspapers, and Hollywood, museums have seen their business and revenue models irrevocably impacted by the Internet and new digital economies. Yet here as in so many areas, the cultural industry has been slow to change; even the adoption of digital technologies by museums has outstripped their adaptation to 21st century financial realities.

Aiming to provoke a lively debate and brainstorm new approaches to institutional sustainability, this panel opens with the premise that the dominant museum business models are broken: overly dependent on the largess of a dying breed of individual philanthropists and unable to demonstrate their impact and social value to younger, civic-minded audiences, museums risk sinking into public oblivion as well as bankruptcy. Are the commercial, visitor attraction models so often promoted by corporate-minded trustees the only way forward? Or are there other approaches being pioneered in the non-profit sector that can be applied to museums and cultural sites? From paying with data to community sourcing and marketing partnerships, we’ll unpack new ideas in the field in an attempt to stop doing the same fundraising thing over and over again while expecting different results.

Speakers
avatar for Kaywin Feldman

Kaywin Feldman

Director and President, Minneapolis Institute of Art
avatar for Nik Honeysett

Nik Honeysett

CEO, BPOC
Chief Executive Officer, Balboa Park Online CollaborativeNik Honeysett is CEO of the Balboa Park Online Collaborative, a technology non-profit consultancy that provides support, development and strategy for the museums in Balboa Park, San Diego and beyond. Previously, he was Head... Read More →
EN

Elizabeth Neely

Interim Curator of Collections and Exhibitions, Harwood Museum of Art
avatar for Merete Sanderhoff

Merete Sanderhoff

Curator / Senior advisor, SMK - Statens Museum for Kunst
My work at SMK - the national gallery of Denmark centers around opening up the digitised collections and inviting the public to build on our common heritage for learning, creativity and innovation. I’ve initiated the Sharing is Caring conferences to foster cross-sector dialogue... Read More →
avatar for Koven Smith

Koven Smith

Director of Digital Adaptation, Blanton Museum of Art
Composer, drummer, and Director of Digital Adaptation at the Blanton Museum of Art. Former Metropolitan Museum of Art, Indianapolis Museum of Art, Denver Art Museum. Teaches occasionally at JHU and/or NYU. Thought up the name "Drinking About Museums."


Thursday November 5, 2015 3:45pm - 4:45pm CST
Calhoun Hyatt Regency Minneapolis 1300 Nicollet Mall Minneapolis, MN 55403

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