How this artist fantasyland became a New Mexico moneymaker

How this artist fantasyland became a New Mexico moneymaker

Assessment

Interactive Video

Business

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The House of Eternal Return, an immersive art experience in Santa Fe, has become a business sensation since its opening in 2016. Created by the artist collective Meow Wolf, it attracted 400,000 visitors in its first year, generating nearly $7 million. The project has significantly impacted the local economy, creating jobs and offering competitive salaries. The CEO, a former artist, learned to leverage debt for growth, leading to plans for expansion into other cities. The business model boasts a 50-60% net profit, with reinvestment strategies for future growth.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary concept behind the House of Eternal Return?

A virtual reality game

A historical museum

An immersive entertainment experience

A traditional art gallery

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many paying customers did the House of Eternal Return need to break even in its first year?

100,000

125,000

400,000

500,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who helped Meow Wolf by purchasing a defunct bowling alley for their project?

J.K. Rowling

J.R.R. Tolkien

Stephen King

George RR Martin

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What realization did the CEO of Meow Wolf have about debt?

Debt is always harmful

Debt is only for large corporations

Debt can be a tool for building something valuable

Debt should be avoided at all costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the starting salary for a 19-year-old artist at Meow Wolf?

$60,000

$50,000

$40,000

$30,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the net profit margin of Meow Wolf's business model?

20-30%

30-40%

50-60%

40-50%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Meow Wolf's plan for the future?

To become a traditional art gallery

To expand to major cities across the country

To remain a single location in Santa Fe

To focus solely on virtual reality