Yes, times are tough. Employment, housing, gas, energy, there's not many positive notes on any of these subjects mattters. Even as far as China, cannot escape this horrendous economic times. According to an article in sg.news.com, a theatre group in Singapore, has been forced to let go of an American Lead actress for one of its musical.
Debbie Gibson, American 80's pop star, was to star "Superheroes Diaries" a Singapore musical in August 2008. However, when the 1.8 million dollar show was cancelled, produced realized they could no longer afford Debbie Gibson. Many arts groups are now creating smaller productions to cut back on spending.
But not all is bad for the artists in China, while some art groups are being negatively impacted by the recession, it is also creating new opportunities the Asian Art Market. According to another article in sg.news.com it states, "Observers said there is a growing pool of collectors in Singapore who will still continue to support the art market here." The article also states that Asian collectors are also expected to have a bigger impact on the international scene now, with the West bearing the brunt of the financial crisis."
No comments:
Post a Comment