How MOCA Fell So Far, So Fast

“By putting art ahead of the bottom line, the Museum of Contemporary Art has nearly killed itself… Now the California attorney general has begun an audit to determine if the museum broke laws governing the use of restricted money by nonprofit organizations. And local artists, curators and collectors, including current and former board members, are lobbying to remove the museum’s director, Jeremy Strick, its board, or both.”

A Formerly Secure Arts Venue Takes A Dive

Madison, Wisconsin’s city-owned Overture Center for the Arts is laying off 25% of its staff in an effort to stay afloat. “The cuts would save $467,400 in wages and benefits… Only a few months ago, Overture’s fortunes looked different. But then the city settled a labor contract, Overture’s trust fund was liquidated to pay for construction debt, and the national economy tanked.”

Las Vegas May Lose Children’s Concerts

The Las Vegas Philharmonic may have to kill off its Young People’s Concert series if the financial picture doesn’t improve, and indications are that the situation will only get worse. “The 10-year-old orchestra had been soaring in the past few years.” But with corporate sponsorships and attendance down, the LVP is taking a hard look at every available cut.

ABC News Investigation Blasts UBS Arts Support

Swiss megabank UBS is responsible for funding dozens of major orchestras and other arts groups, and it also bankrolls a good chunk of Art Basel Miami Beach. That makes the company a favorite of arts supporters, but with the economy in the toilet and UBS under investigation for helping certain rich folks hide their money, it makes both the bank and the arts a target for investigative reporters.