The Australian Music Industry Network (AMIN) has welcomed the release of a new report that shows live music pumps more than $1billion annually into the national economy.
Commissioned by APRA|AMCOS in conjunction with the Australia Council for the Arts, Arts Victoria, Arts NSW and Live Performance Australia , the first ever national study of the value of live music has found that in 2009/10 the 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
Produced by firm Ernst & Young the study – “The economic contribution of the venue-based live music industry in Australia” – also found that 41.97 million patrons attended 328,000 venue-based live music performances at 3,904 venues across Australia in 2009/10.
The complete report is available at www.apra-amcos.com.au/news
AMIN Chair Paul Bodlovich says the study provided much-needed figures around the scale of the industry.
“Aside from the important cultural contribution live music brings to our community, this is a significant industry that generates both economic output and direct jobs across the country,” Mr Bodlovich says. “To have this level of data, at last, means AMIN can continue making the case for continued support and investment in our live music scene.”
Mr Bodlovich added that many of the small venues captured in the new study provided an important breeding ground for new Australian music.
“It is in these venues that new bands hone their craft, build their skills and develop new audiences for their music,” he explains. “And without these venues many artists will simply not have the opportunity to go on to the next stage in their careers both in Australia and abroad.”
AMIN brings together the country’s State and Territory not for profit industry organisations, providing a central voice for thousands of artists and industry across Australia.