An interesting report from TheMusic.com.au has revealed some astonishing facts about the contribution of the live music industry to the Australian Economy.
The report, called “The economic contribution of the venue-based live music industry in Australia” was commissioned by APRA|AMCOS in conjunction with the Australia Council for the Arts, Arts Victoria, Arts NSW and Live Performance Australia and conducted by Ernst & Young, who found that the national live music industry is worth over $1.2 billion.
It was estimated that 41.97 million
patrons attended approximately 328,000 venue-based live music performances at 3,904 live music venues
14,800 full-time jobs
are created by this industry and $652 million in profits
and wages are generated, figures that prove small venue live music is a legitimate industry.
This is certainly fantastic news for our Music Performance, Audio Engineering and Entertainment Business Management Students, or anyone looking to pursue a creative career in the Australia's Music Industry.