One of the industry's that may have been forgotten through the craziness of the coronavirus pandemic is the art world, and more specifically, museums.
According to a survey from the American Alliance of Museums (AMA), a third of American museums, 12,000 organizers shut down due to the coronavirus pandemic. The survey that consists of interviews from 760 directors from June 8th through to June 30th says that almost 90% of museums only have 12 months or less money to keep operations running. Laura Lott, president and CEO of AAM, said, "Museum revenue disappeared overnight when the pandemic closed all cultural institutions, and sadly, many will never recover."
On top of that, the survey also says that 56% of museums have less than six months of monetary funds to cover costs. Additionally, 40% of museums are penned to reopen with much smaller staffs. Researchers also found out that 33% percent of museums didn't think they were able to stay open for longer than 16 months without financial assistance, and furthermore, 16% of surveyed museums already knew they were at "significant risk of permanent closure."
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