It is with an extremely heavy heart that we are are posting this. After struggling for the past 18 months since the economic crisis, Gen Art has finally succumbed to the recession. During this challenging time we did everything in our power to adjust our business to these new business realities by cutting costs and seeking out alternative funding solutions. However when a major, new, corporate partnership unexpectedly collapsed a few weeks ago, we found ourselves without sufficient resources or time to overcome this sudden and substantial loss of revenue. Their decision had the unintended effect of pushing Gen Art over the edge. We have now halted all operations, have let go all of our amazing staff, and shuttered the business that we hope was in some small way was as close to your heart - as it was ours.
Gen Art's New York-based film festival served as a small but intense launching pad for independent filmmakers. This is a tough one for folks like Jeff Abramson who were the collective heart of a scrappy arts organization, the likes of which are rapidly disappearing in the U.S.
This puts me in mind of an article by William Osborne about the differences in public funding for the arts between the U.S. and European countries. I realize it's difficult to argue for increased arts funding when we can barely get our government to help keep its citizens alive, but it's a conversation worth having.