TAKASHI MURAKAMI'S COMPANY FACES BANKRUPTCY AS ARTISTS STRUGGLE

TAKASHI MURAKAMI’S COMPANY FACES BANKRUPTCY AS ARTISTS STRUGGLE

TAKASHI MURAKAMI’S COMPANY FACES BANKRUPTCY AS ARTISTS STRUGGLE

by CULTED
2 min

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: 

Watch more videos on CULTED

See also: MEET THE ARTIST FUSING SUPERHEROES WITH TRADITIONAL CHINESE STYLING

See also: KAWS: FROM STREET ARTIST TO POP-CULTURE ICON

in other news

Comment

JOIN THE CULTED COMMUNITY TO GET THE LATEST ON FASHION, ART AND CULTURE