The Economic and Cultural Value of Live Music in Australia 2014
The Live Music Office has released a nationwide study into the economic, social and cultural contribution of the Australian live music industry. The cost-benefit analysis was carried out by The University of Tasmania in partnership with City of Sydney Council, City of Melbourne Council, The Government of South Australia, and The Live Music Office, as an initiative of the City of Sydney Live Music and Performance Taskforce.
The report, titled The Economic and Cultural Value of Live Music in Australia 2014, has confirmed the live music sector delivers a major economic boost to the economy, and paves the way for key policy developments in the future.
- Live music spending in Australia delivers at least 3:1 benefit-to-cost ratio (page 51);
- Nationally, an estimated 65,000 full and part-time jobs are created by monies spent on live music (page 39), with taxation revenue generated for all tiers of government, (page 46);
- Food and drink is the number one expense for those attending a live music performance equating to 29.3 per cent of the total spend (page 19);
- Expenditure on tickets comes in second at 19.2 per cent of spend, followed by travel at 17.6 per cent and accommodation at 12.4 per cent (page 19);
- Audiences are prepared to travel significant distances to attend live music, and this demonstrates live music is a source of regional competitive advantage (page 26)
- Live Music attendance was identified by punters and venues as contributing to improved health and wellbeing (page 28-29).
The full report can be read and downloaded on the Live Music Office website:2014/15 Report
This is the first study of this scale since the 2011 National Live Music Research (commissioned by APRA AMCOS in partnership with the Australia Council for the Arts, Arts Victoria, Arts NSW and Live Performance Australia). Read a snapshot and download the 2011 report below: