News

IMMF Australian Live Music Report

18 August 2015

This report provides a valuation of the economic, social and cultural contribution to the Australian community of the Australian Live Music Industries. The valuation employs a cost-benefit analysis framework that draws on a national survey of consumers; interviews with venue owners and operators; and currently available sector data.

Cost benefit analysis considers the benefits that flow to the broader community from money spent on a particular activity, in this case live music. Cost benefit analysis is commonly used by governments to evaluate the merits of policy choices and assumes that any positive change in public welfare enabled by an activity is a benefit that might otherwise need to be met by the community.

Our research has identified that live music spending in Australia delivers at least a 3:1 benefit-to-cost ratio. This means that for every dollar spent on live music in Australia, $3.00 worth of benefits are returned to the wider Australian community. We conservatively value this contribution at approximately $15.7 billion for 2014.

Read the full report here.

Read also...

MMF Weekly Roundup

12/07/2024

A weekly summary of events and resources for music managers.

Find out more

Manager Spotlight: Jean-Marc Burnett

11/07/2024

The manager spotlight offers a small insight into the heads of incredible managers.⁠ This week in the spotlight is Jean-Marc Burnett!

Find out more

Manager Spotlight: Honey Keenan

04/07/2024

The manager spotlight offers a small insight into the heads of incredible managers.⁠ This week in the spotlight is Honey Keenan!

Find out more

MMF Weekly Roundup

28/06/2024

A weekly summary of events and resources for music managers.

Find out more
Back to Top

You don't have credit card details available. You will be redirected to update payment method page. Click OK to continue.