Latest News

Back to Latest News back

 

Performing arts sector impacted by increasing competition from sport

Performing arts sector impacted by increasing competition from sport
July 14, 2017

Australia’s performing arts sector is facing increasing competition from sporting stadiums and arenas according to recently released research from IBISWorld.

The market research firm’s recently released Performing Arts Venues in Australia report suggests that a growing number of live sporting events are constraining audience and revenue growth in the performing and that arts industry leaders are anticipating ongoing affects from intensifying external competition.

Providing key industry statistics and five-year forecasts to anticipate future industry prospects, Performing Arts Venues in Australia shows that revenue in the performing arts venues sector has increased modestly over the past five years, as a result of subdued growth in demand from music and theatre production companies and rises in household discretionary income.

Identifying the sector’s expansion as being due to an increasing focus on expanding its service offerings, it shows that fluctuations in Government funding and increased external competition have limited industry revenue growth.

An IBISWorld statement introducing the report explains “although the growing popularity of contemporary music concerts has boosted demand for venues, industry operators have faced increasing competition from large-scale sporting stadiums and arenas for big-name artists, along with pubs and nightclubs that cater for smaller gigs and up-and-coming musicians.

“Furthermore, demand from more traditional performing arts, such as ballet and classical music, has declined over the past five years.”

The statement adds “despite overall increases in Government funding for heritage and arts, industry revenue growth has been limited due to volatile Government expenditure on performing arts venues.

“Growth has also been restricted by intensifying external competition from large sporting stadiums and small-scale pubs and nightclubs.”

Performing Arts Venues in Australia predicts that revenue is expected to increase at an annualised 1.6% over the five years through to 2016/17, to $560.5 million.

The Report also identifies the most important matters for performing arts venues as being: proximity to key markets; ability to accommodate environmental requirements and effective product promotion.

IBISWorld analysts also discuss how external factors such as demand from music and theatre productions and Government funding for heritage and arts in the performing arts venues sector impacts industry performance.

An earlier IBISWorld report, Music and Theatre Productions in Australia, released in April this year, suggests that a lack of government grants has caused smaller companies to exit the industry in the past few years.

Key findings in this report are that industry revenue fluctuates according to operators' ability to stage popular shows, that popular music has remained the industry's most profitable segment and that operators are likely to seek private and corporate funding to offset diminishing government grants.

For more information go to www.ibisworld.com.au

Images: A 1950s dance event at the Ararat Performing Arts Centre (top) and the multi-award winning Matilda - The Musical (below).

11th July 2017 - CINEMA CHAINS DISCOUNT TICKET PRICES IN STAGNANT MARKET 

29th May 2017 - THE 17TH ANNUAL HELPMANN AWARDS TAKES CENTRE STAGE IN SYDNEY IN JULY 

2nd February 2017 - CHANGING CULTURAL VALUES IN REGIONAL AUSTRALIA 

5th October 2016 - REVIEW OF AUSTRALIAN OPERA WARNS AGAINST USE OF GOVERNMENT FUNDS FOR ‘COMMERCIAL ACTIVITIES’ 

14th June 2016 - ARTLANDS DUBBO CONFERENCE TO EMPHASISE THE STRENGTH OF REGIONAL ARTS 

21st April 2016 - LIVE PERFORMANCE AUSTRALIA CALLS FOR FEDERAL GOVERNMENT TO HAND BACK ARTS FUNDS 

12th August 2015 - LIVE PERFORMANCE AUSTRALIA SPEAKS OUT ON ARTS FUNDING

3rd July 2014 - VALUE OF THE ARTS EXPLORED AT APACA’S ANNUAL CONFERENCE

13th September 2012 - AUSTRALIANS SET TO SPEND $560 MILLION ON FOOTY FINALS

Share your news. If you have industry news that you’d like us to include in Australasian Leisure Management, or if you have any ideas of new industry topics that you’d like us to focus on, then please just contact us at leisure@ausleisure.com.au with details. We rely on industry contributions, and remember, our content is not paid for advertorial.


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

TicketSearch Pty Ltd

TicketSearch is focused on providing businesses, organisations, and venues with affordable, efficient, and powerful self-managed ticketing solutions. The organisation has offices in Australia, New…

read more

Attractions / Entertainment / Technology / Ticketing / Venues

 
 

BioLab Australia Pty Ltd

BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…

read more

Aquatics / Technology / Waterparks

 
 

Jonas Leisure

JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…

read more

Aquatics / Billing / Fitness / Recreation / Sport

 
 

HRMWEB

At easyemployer we've come up with a software solution that manages one of your most important, and often most costly, business resources - your staff. We are helping 100s of clients to…

read more

Finance / Fitness / Technology

 
 

ProSlide Technology

ProSlide is the global leader in water ride design and manufacturing, supplying high-performance water attractions to new and expanding water parks around the world. For over three decades, ProSlide…

read more

Aquatics / Play / Waterparks

 
 

State Wide Pool Services

Known as Hydrilla since September 2020 - see www.ausleisure.com.au/suppliers/hydrilla-pty-ltd

read more

Aquatics

 
 

Anti Wave International

Anti Wave International is the original suppliers of top performance swim, aquatic sports, leisure and pool programming equipment. Founded in 1971, Anti Wave International is proud of its…

read more

Aquatics / Play / Sport

 
 

Vivaticket

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as Vivaticket Pty Ltd.  Vivaticket is the ideal strategic partner for the organisation and management of your…

read more

Attractions / Entertainment / Sport / Ticketing / Venues

 
 
 
 

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