This episode of ‘The Business of Life’ looks at two creative industries going in seemingly opposite trajectories: the fine art world, where the sky is seemingly the limit for the prices collectors are willing to pay; and the music industry, where the free-fall of record company profits has only recently begun to slow.
But at the root of each sector’s rising or declining fortunes is the underlying question: How should we compensate artists? And what value do cultural products create in a society? To get to the bottom of the issue, we’ve tapped the former New Yorker pop critic Sasha Frere-Jones, award-winning artist Ryder Ripps, and Glenn O’Brien, the founder of TV Party, original editor of Interview Magazine, and a former member of Andy Warhol’s Factory.
Watch “How the US Workforce is Changing (Episode 1)” – http://bit.ly/1I4IvVW
Watch “This is the Modern American Family (Episode 2)” – http://bit.ly/1A6yp5e
All content is the sole property of VICE News. Materials presented are for informational purposes only and do not necessarily reflect the views or endorsement of Bank of America. Bank of America, VICE and/or their partners assume no liability for loss or damage resulting from anyone’s reliance on the information provided.
Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News
Check out VICE News for more: http://vicenews.com
Follow VICE News here:
More videos from the VICE network: https://www.fb.com/vicevideos