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Business Daily

When big business sponsors the arts

Apr 9, 2019
Jess Worth and Claire Fox discuss ethical sponsorship in the arts, while Sarah Dunant highlights the history of cash in the arts. They delve into the debate on big oil funding, philanthropy, and the balance between morality and wealth in supporting cultural institutions.
18:23

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Podcast summary created with Snipd AI

Quick takeaways

  • Arts organizations are debating setting a high moral standard for the business sponsors they accept to balance financial needs with ethical funding policies.
  • Controversy arises over accepting sponsors linked to crises like opioids or oil companies, sparking debates on compromising artistic integrity and public trust.

Deep dives

Ethical Funding in the Arts

Arts organizations are debating setting a high moral standard for the business sponsors they accept. They need to balance financial needs with preserving their reputation through ethical funding policies. The debate questions accepting sponsors like drug companies or polluting oil firms, and whether philanthropists are donating to cleanse their reputations.

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