Art & Culture
Pushing your cultural heritage and assets to their highest value
Traditionally, culture, art and creativity have been identified as factors of personal enjoyment and education. Nevertheless, we are gradually becoming aware of the potential development of culture as a sector-industry with a strong economic impact and which is key for the identity and development of cities and regions.
Such an industry not only drives the hotel business, restoration and transportation but also propels other economic sectors that have future potential as generators of value added for the economy. Although the cultural industry is facing enormous challenges, the sector has clear potential as a prosperity generator and an important policy asset.
Trends & challenges
High impact of culture industry in economy and society and awareness of public bodies
- Culture: already a big industry
- Development of the creative industry at EU level
- Venues, going global
- Domination of superstar venues
- Economic impact of investing in culture
Cost reduction, efficiency and professionalisation of the sector
- Impact of the economic resources scarcity
- Rise of business philosophy among cultural institutions
Stakeholder strategy, income management and asset & property management
- From public to private ownership and management
- Rise of new technologies
How Deloitte can help
From private to public institutions, we serve the key agents in the art and culture industry
Our major clients include museums, art and exhibition galleries, heritage attractions, opera houses and associations, music halls, multipurpose leisure spaces and music festivals.
Deloitte has also helped major city and state authorities to successfully manage the urban transformation processes in which cultural institutions have played a central role.
A multidisciplinary service approach
Deloitte offers a multidisciplinary service approach to cultural asset and facilities management. From conceptual master planning to financial viability, Deloitte’s Consulting, Tax and Audit professionals have a wealth of experience in the cultural industry, both in the public and private sectors.