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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
EN

Elizabeth Neely

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

Merete Sanderhoff

Curator and Senior Adviser, Statens Museum for Kunst
Working to provide free access to, and encourage re-use of, the museum's digitised collections. Organiser of the international Sharing is Caring seminars in Copenhagen, and editor of the anthology Sharing is Caring. Openness and sharing in the cultural heritage sector (2014). I love to talk about, and work with (not least!), open collections, collaboration across institutional and national borders, community and civic engagement in culture. And... 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
Calhoun Hyatt Regency Minneapolis 1300 Nicollet Mall Minneapolis, MN 55403

Attendees (66)