Arts sponsorship increases by over 100 percent

Author: Guest Contributor
Date: Feb 3, 2010
print email comment [ 0 ] share
 
 

Arts sponsorship has more than doubled since 2001 when the arts market was estimated at around R136 million, growing to nearly R360 million in 2009. Of this, music sponsorship attracts nearly 50% of all the sponsorship (R173 million in 2009) with the balance going to all other arts and culture initiatives.

This being one of the key findings of ARTSTRACK research 2009 – Business and Arts South Africa’s bi-annual authoritative study on the arts and culture market in South Africa.

Conducted nationally over a period of two and a half months other key findings from ARTSTRACK 2009 are:

The long-term planning of sponsors in the field of Arts and Culture is also underscored by the findings on the importance of children learning about Arts and Culture – and not just Sport. The results showed that a clear majority of those sampled would like to see their children learning equally about both – an increase from 2007’s research.

39% of consumers felt the costs of attending Arts and Culture Events (ranging from Movies to Traditional Dance, Museums, Exhibitions and Ballet) were too high – an increase in three points on 2007’s findings. “This is, of course, coming in a year in which the economic recession hit hard but I think is something that should be looked at by sponsors and arts and culture practitioners,” Business and Arts South Africa CEO Michelle Constant commented.

Communities take notice and support sponsors that are investing in projects of value to them; and as well as sponsors uplifting and support communities. According to Constant, this supports the King Three Report, which highlights the need for corporate citizenship through CSI.

In a spontaneous question that asked respondents to name an Arts and Culture sponsor in South Africa, Standard Bank received the most mentions followed by ABSA then MTN. (The full list of 19 spontaneously-recalled sponsors is available in the research) According to sponsors themselves, the companies regarded as sponsorship leaders are Standard Bank, Absa and Nedbank.

The belief that government has a significant funding responsibility to develop and support Arts and Culture. 

Music topped the list of 12 disciplines supported that included festivals, museums, theatre, movies, traditional dance, crafts, literature, sculpture/paintings/photography, opera, contemporary dance and ballet.

The biggest contribution now comes from Marketing Budgets.

The 2009 research was especially revealing in the attitude of non-sponsors of Arts and Culture. In particular, non-sponsors gave a detailed list of their ideal sponsorship - which included a relationship in which both parties benefit equally, community upliftment, strong brand awareness, contribution to the company’s BEE scorecard, and ability to be measured.

According to Constant, “A great deal of valuable information emerged from the research – including how culture can be used as a tool for tourism. This is particularly interesting in 2010 with the FIFA World Cup bringing so many visitors to our country.”

“What I found interesting were the comments from business on how they believe we can make the Arts and Culture environment more attractive to sponsoring companies,” says Constant. “As Business and Arts South Africa we are already working on some of the suggestions which we hope will see an increase in Arts and Culture sponsorship in 2010 and beyond.”

ARTSTRACK 2009 gives good insight into sponsorship of arts and culture in South Africa and is a powerful research tool for anyone interested in sponsorship in the Arts market in South Africa.

Press release

Article Attachments
 
 
comments
 
 
 

This article contains no Comments.

 
 
 

 

 
submit comment

All comments must be approved by our editors, click here to read the editorial guidelines for comments. Please allow some time for our editors approve your comment after posting.
 
Required Fields
 
 
 
Please enter the text you see in the image below:

Verification Image


 
 
 

Get Involved!

If you’d like to get involved with the SA Music Good News, by either contributing your own Good News content of just letting us know about some exciting things going on with you and the music industry, just click here to send us an e-mail.
Sign up
 
>