Sydney CBD sees drop in live performance revenue since introduction of lockout laws
There has been a 40% drop in live performance revenue at venues within the Sydney CBD lockout area according to figures released today by APRA AMCOS through the Live Music Office.
The data also shows a 19% decrease in attendance figures at nightclubs and dance venues since the lockout precinct was introduced in 2014.
APRA AMCOS analysed its licensing revenue for the period 1 February 2013 to 31 January 2015, and saw additional decreases in the value of fees collected from licence holders within the Sydney CBD Plan of Management lockout area:
Venues with a Live Artist Performance licence - All premises
- 40% overall decline in the value of door charge receipts
- 15% overall decrease in the value of venue expenditure on live artist performers
Venues with a Live Artist Performance licence – Hotels, bars and nightclubs
- 32% decrease in the value of door charge receipts
Venues with a Recorded Music for Dance Use licence - All premises
- 19% decrease in attendance figures across all venues
The APRA AMCOS licence fee for Live Artist Performances is based on a percentage of the venue’s expenditure on live artist performers and a percentage of any ticket charges. The APRA AMCOS licence fee for Recorded Music for Dance Use is based on attendance figures.
APRA AMCOS reassesses the value of a venue’s licence annually on the anniversary of the licence coming into effect. Accordingly, the full impact of the Sydney CBD lockout will be reflected in the organisation’s data post February 2016.
Live Music Office Policy Director John Wardle said that the figures released today show that the lockout is having a negative effect on the live music industry.
“There are important measures that need to be put into place to reduce the impacts to the live music sector that are now being experienced in Sydney, whilst still ensuring public safety is paramount,” said John.
John cites the recent commitment by the South Australian government to review live music regulation best practice and red tape reduction as the kind of response the industry needs.
“The South Australian government recognises the cultural and economic value that venues and artists provide, and its review will help government agencies to reach consensus and deliver common sense policies.”
The Live Music Office is calling for a number of measures across the country to ensure sustainability and better regulation within the live music sector. Read more at the Live Music Office website.
In a move to boost live music activity across the country, APRA AMCOS and other stakeholders recently commissioned a report by Ernst and Young (EY) to investigate the impact of tax offsets for live music. The report found that the introduction of tax offsets could result in an estimated $40.2m economic windfall for the whole country in the medium term.
APRA AMCOS will present the findings to the federal government in the coming weeks. Read more here.