Mid last week (3 August), news spread that the Melbourne-based design firm Fenton & Fenton known for supporting Australian designers and artists had gone into liquidation.
The following day (4 August), headlines again bore bad news. The Toronto-based company Lighthouse Immersive, known for its immersive experiences of Vincent van Gogh, Frida Kahlo and Claude Monet, filed for bankruptcy (Bloomberg).
The 28 July filing is a strategy to protect the companys US assets during insolvency proceedings in Ontario, writes Artnet It is a staggering thing to consider, given the hype around these immersive events, and the fact that Immersive Van Gogh, since opening in 2021, had sold over five million tickets or one for every 90 Americans by May 2…
Read the full article at: https://www.artshub.com.au/news/news/creative-companies-filing-for-bankruptcy-2654793/