Takashi Murakami’s Company Faces Bankruptcy As Artists Struggle.
Music By: Rujay – Toxic.
It’s CULTED with your 60-second NEWS BLAST.
Just a few days ago Takashi Marukami revealed that his company has faced bankruptcy. Concerns of a post-COVID ‘cultural wasteland’ are rising as COVID-19 has definitely taken a heavy toll on the creative industry.
Young and emerging artists are undoubtedly the most heavily impacted, but even best-selling artists have struggled in the wake of the coronavirus. A few days ago, contemporary artist and pop-culture icon Takashi Murakami posted a video to Instagram explaining that his gallery and company Kaikai Kiki are facing bankruptcy.
The artist explained that COVID-19 put his company in a very bad situation, forcing him to give up on part 2 of his dream sci-fi feature film, Jellyfish Eyes, a film that he poured an “enormous budget” into which resulted in “a constant and tremendous stress on [his] company’s operation for the past nine years.”
As a solution, he will now release the film in a docu-series format. Murakami jokes that artists “are very foolish people”, and urges young creatives to learn from his mistakes.
So, if you’re an artist struggling as a result of COVID-19, check out the links below for available resources:
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