Performing arts

Abstract

Traditionally, the performing arts were mostly confined to building-based supply and subject to Baumol’s cost disease. The performance of a standard repertoire in musical and spoken theatre restricted productivity growth, leading to increasing costs and prices, which without state or private grants would rise above the rate of inflation. The advent of digitisation has introduced new possibilities for reaching larger audiences through event cinema, for example, by offering new opportunities to increase access, demand and a source of finance for performing arts organisations.