Getty Endowment Recovers

“An audited financial statement posted on the Getty’s website reflects investment gains totaling $766.74 million from mid-2012 to mid-2013, enough to cover expenses while socking away about $534 million for the endowment. Officials said the endowment gained an additional $300 million during the second half of 2013, reaching $6.2 billion by year’s end.”

Here’s What LA’s Creative Economy Looks Like In 2014

“The distinction in creative labor, put simply, is that artists have autonomous control over the direction of their creative output, whereas members of the “creative industries” produce products on spec. While both trade the products of their labor for capital, the latter, professionalized class dwarfs the former in economic clout, and so is dramatically more lucrative and stable an avocation.”