From Wikipedia
In economics, disintermediation is the removal of intermediaries in a supply chain: “cutting out the middleman”. Instead of going through traditional distribution channels, which had some type of intermediate (such as a distributor, wholesaler, broker, or agent), companies may now deal with every customer directly, for example via the Internet. One important factor is a drop in the cost of servicing customers directly.
Disintermediation initiated by consumers is often the result of high market transparency, in that buyers are aware of supply prices direct from the manufacturer. Buyers bypass the middlemen (wholesalers and retailers) in order to buy directly from the manufacturer and thereby pay less. Buyers can alternatively elect to purchase from wholesalers.”
Yes, indeed disintermediation has come to the arts. Just consider the changes in arts consumerism on the broader scale: Read the rest of this entry »
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Lately I’ve been saying, in conversations and speeches, that this is a time of great opportunity for the arts. People look at me like I’m crazy. How can there be any hope for the arts in the middle of the worst recession in 75 years? The difficult economic times have affected every aspect of our lives, personally and professionally. In general, there is a sense that we are losing ground while working even harder to catch up. There doesn’t seem to be an answer or a solution, or an end, to the myriad local and global problems we face.