China’s New Art Stars Hit It Big

“Some say it’s the prevailing ethics of a nation in rapid transformation, where big dollars trump all – even party doctrine. Others will tell you that a marginal realm like art, for all its splashy showings at international auctions, has its purpose: As a harmless sprinkling of good public relations for an economic powerhouse determined to take the next step, from the world’s premiere widget-maker to cultural superpower.”

Did The Arts Overbuild In America?

“The economic downturn has reined in a lot of these big dreams and has also led to questions about whether ambitious building projects from Buffalo to Berkeley ever made sense to begin with. Some are arguing that arts administrators and their patrons succumbed to an irrational exuberance that rivaled the stock market’s in the boom years.”

Paramount See Profit In Low Budget

“Paramount, which released the sequel to “Transformers” over the summer, also had a surprise success this past fall with the low-budget “Paranormal Activity,” which cost just $15,000 to make and has grossed more than $100 million at the domestic box office, and became the most profitable movie in the studio’s modern-day history.”