The Future of Arts Organizations

Abstract

Abstract The final chapter surveys the impact of COVID-19 on arts organizations. It is observed that the advent of COVID-19 in early 2020 had pushed many arts organizations to transition to digital streaming media to relay their live shows. The transition resulted in a phenomenal expansion in their customer base. To a large extent, the switch-over enabled these organizations to tide over the losses brought about by the cancellation of live shows during the lockdown phase. Indeed many large museums had shifted to virtual visits during the lockdown phase of COVID-19. Many of them were able to amplify their virtual experience, thanks to digital imaging technologies. Though these Museums reverted to the pre-pandemic routines during the latter half of 2020, they did not completely abandon their forays into the virtual world. Another development during the pandemic years was the sale of art works through blockchain platforms that minted non-fungible crypto tokens. Although, it is conceded that large arts organizations are in a better position to take advantage of digital platforms and technologies, it is also argued that with better business models, it is possible for small arts organizations to avail these technologies.