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How strong is the link between the creative industries and the financial sector?

August 18, 2021
Christopher R. Teeple

1. Your essay should engage with at least two cultural and creative industries.
2. Your analysis should be supported by relevant literature and analytical concepts from the module as well as provide clear examples.
useful links: https://en.unesco.org/creative-cities/
In UK, cultural and creative industries are categorized 13 types
 advertising
 architecture
 art and antiques market
 crafts
 design
 designer fashion
 film and video
 interactive leisure software
 music
 performing arts
 publishing
 software and computer services
 television and radio [DCMS 2001 Mapping document]
——————————————–
Note:
1. read all the Lectures, 1,2,6,7,8, 10 are necessary.
2. please give an definition on what is the cultural and creative industries (CCI)
3. appropriately apply some key concepts from the module (Lectures)
4. “CONCENTRATION”, “inner city”, “cultural cluster”, “network” are key terms in this module.
5. find useful financial dataevidence to support arguments
—————————
Answer the questions:
1. How strong is the link between the creative industries and the financial sector?
2. How do the creative industries support the financial sector specifically and global
capitalism generally
3. Are the creative industries just financial services in disguise?
—————————–
A possible points:
+ positive correlation
1to start and maintain CCI needs considerable financial investment.
2 cultural cluster–>inner city(Architecture)–>concentration–> capital (productivity)
3 CCI (Antiques and Art work) can accumulated huge capital (eg. art auction; tax)
4 Financial sector base on a large scale of CCI( eg. advertising)
5 financial sector–>big city–>better education
6 CCI promote employment.
7 “The commodification or industrialisation of culture and creativity is seen as an intrinsic part of the rise of global capitalism”
-negative correlation
1. economic recession (2008 crisis) –> art market
2. economic recession –> CCI boom (eg. Hollywood in 1920s and 1930s; Tiktok;YouTube in Covid-19 quarantine)

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