“Live Music fuels Australian economy to the tune of $1.2 billion.”
In September 2011 the report of a study by Ernst & Young was released: The economic contribution of the venue-based live music industry in Australia. The study was commissioned by APRA AMCOS in conjunction with the Australia Council for the Arts, Arts Victoria, Arts NSW and Live Performance Australia.
Some key findings, from the APRA AMCOS website:
- The live music industry generated gross revenues of $1.21 billion during the 2009/10 financial year. 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%).
Life’s Better With Live (pdf) – summary of the report
The economic contribution of the venue-based live music industry in Australia (pdf) – the full report
*APRA AMCOS Australasian Performing Right Association Limited (APRA) and the Australasian Mechanical Copyright Owners Society Limited (AMCOS)