Today BP announced new headline sponsorship agreements with the British Museum, Royal Opera House, National Portrait Gallery and Royal Shakespeare Company, providing the institutions with an average of only £375,000 a year each. This is less than the price of the average 2 bedroom flat in London, and 25% less than the previous 5-year deal.
Platform has campaigned for cultural institutions to drop BP’s sponsorship, and forced Tate in court to reveal historic sponsorship fees and documents.