Latest News

Back to Latest News back

 

Live Music worth $1.2 billion to Australian economy

Live Music worth $1.2 billion to Australian economy
September 20, 2011

The first ever national study of the value of live music has found that in 2009/10 the Australian live music industry injected $1.21 billion into the national economy, with total profits and wages of $652 million and supporting almost 15,000 full-time jobs.

The outcomes of this study have been released in a report, 'The economic contribution of the venue-based live music industry in Australia'.

The study, conducted by consultants Ernst & Young, examined the value of live music from a venue's perspective and the figures demonstrate the industry's significant contribution to the Australian economy.

The industry also attracts strong audiences with the report finding that 41.97 million patrons attended 328,000 venue-based live music performances at 3,904 venues across Australia in 2009/10.

The study was commissioned by the Australasian Performing Right Association (APRA) and the Australasian Mechanical Copyright Owners Society (AMCOS) in conjunction with the Australia Council for the Arts, Arts Victoria, Arts NSW and Live Performance Australia.

Commenting on the findings Australia Council for the Arts Director of Music Paul Mason stated "this report confirms the great audience interest in attending live music and provides evidence of the economic benefits to venues when presenting live music. With this report we have a benchmark for measuring any changes in activity around the country, and this will be invaluable in informing discussion among policy makers and stakeholders about how to maintain and develop this important industry."

APRA/AMCOS Head of Corporate Services, Dean Ormston agreed, adding "the values reflected in the research support our understanding of the importance of venue-based live music for APRA members. These venues have become the breeding ground for local talent, providing them with a public stage and the opportunity to perform live and fine-tune their skills as artists. While new technologies provide different ways for artists to reach audiences, live performance is critical for artists' technical and creative development, income generation and networking with fans and industry. The statistical results and direct feedback from surveyed venues demonstrate the significant economic contribution of the venue-based live music industry."

Live Performance Australia Chief Executive Evelyn Richardson added "these results complement earlier Ernst & Young research which found that the broader live entertainment industry generated gross revenues of $1.88 billion in 2008."

Based on Live Performance Australia's 2008 valuation of the broader entertainment industry and the figures from the new Ernst & Young study the whole live entertainment sector is valued at more than $3 billion in Australia.

The research was based on surveying live music venues including hotels, bars, clubs, restaurants, cafes and nightclubs.

Key Findings:

• The live music industry generated gross revenues of $1.21 billion during the 2009/10 financial year. ï¾ This was driven by patron spend at live music performances which included ticket sales to live performances and food and drink.

• These revenues were generated from an estimated 41.97 million patrons attending approximately 328,000 venue-based live music performances at 3,904 live music venues across Australia.

• $652 million total profits and wages, or value add, were generated by the industry.

• The venue-based live music industry supports employment of over 14,800 full time equivalent positions.

•  Based on a high level allocation of the national figures, a state by state view shows New South Wales (32% of industry output) as the largest contributor to the venue-based live music industry, followed by Queensland (24%) and Victoria (22%).

(The percentages from this analysis are consistent with the state by state distribution of performer payment data collected by APRA.)

Click here for more information.


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Polin Waterparks

Polin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…

read more

Aquatics / Attractions / Play / Waterparks

 
 

Sportybots

We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…

read more

Fitness / Play / Recreation / Sport / Wellness

 
 

METRA Australia

METRA Australia is your innovation partner for smart electronic locking, Access Control solutions and cashless payment systems to suit all types of leisure facilities.  Our team’s…

read more

Aquatics / Attractions / Fitness / Recreation / Security

 
 

Envibe

With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology

 
 

Clubware

Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…

read more

Access / Billing / Fitness / Recreation

 
 

revolutioniseSPORT

revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…

read more

Recreation / Sport / Technology

 
 

EventPro

At EventPro Software, we are proudly different from our industry competitors. We have a development-driven culture and 20 years’ experience in event, venue, and catering management software,…

read more

Events / Hospitality / Technology / Ticketing / Venues

 
 

Neptune Benson

Neptune Benson is a manufacturer of high quality water filtration and disinfection products for the recreational, industrial, and municipal water markets. With more than 20,000 installations…

read more

Aquatics / Design / Recreation

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business