The Edge

Richard Northedge takes on corporate finance

Archive for the ‘Entertainment’ category

The Russians are buying art but Hirst is a seller

If bidders pay £111m for Damien Hirst’s latest works is the art market immune from the decline in other forms of asset values?
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Art for art’s sake

If a billionaire wants to buy two painting for £300m that’s his business. But how can UK galleries justify buying them for £100m (unless they are planning to flip them to the billionaire and keep the profit?).
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What return from Olympic sponsorship?

Name the 12 primary sponsors of the Beijing Olympics. The only point of them handing over $100m each is to improve their brand awareness, so if you can’t name them now the starting gun has been fired, it doesn’t look like money well spent.
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MBAs: Ethics versus enterprise

It is an irony of MBAs that those who have one fear these qualifications are being made worthless because these once-rare degrees are now being handed out by confetti, while those without one will do anything to obtain what they still think is a holy grail.

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Doing the Countdown sums

Channel 4 has decided to stop paying Carol Vorderman as though she was the chief executive. It is a lesson in market economics for the BBC.

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