Australia's Music Industry Generated $8.8 Billion – Who Was Left Behind?

Live music contributed almost A$5bn in revenue in Australia during 2023-24

A new report published today (Thursday) by Music Australia has found that live music contributed A$4.83bn ($2.3bn/€2.7bn/$3.1bn) in revenue, and A$1.44bn in direct GVA in 2023-2024. Live music performances also brought in A$105m in export revenue. The figures were published in The Bass Line: Charting the Economic Contribution of Australia’s Music Industry, which was commissioned by Music Australia and undertaken by McAtamney & Advisors. In 2023,…

Report analyses economic value of Australia’s music industry

The Australian music industry generated A$8.78bn (around $5.71bn at current exchange rates) in 2023-24, according to a report commissioned by industry body Music Australia. ‘The Bass Line’ analyses revenues for live music (A$4.83bn), recorded music (A$790m), songwriting and publishing (A$470m), artist management (A$195m) and music retail (A$2.73bn) among other sectors. The conclusion is that the […] The post is from Music Ally.

'The Bass Line': New Report Outlines Economic Contribution Of Australian Music Industry

A new report has detailed just how much economic value the music industry contributes to Australia.The report – fittingly titled The Bass Line: Charting The Economic Contribution Of Australia’s Music Industry – comes from Creative Australia and "establishes the first nationally consistent methodology and analysis of the direct economic contribution of Australia’s music industry."Most importantly, however, it outlines how in the 2023-24 financial…

Australia's music industry generated $8.8 billion – who was left behind?

A new report by Music Australia, The Bass Line, has revealed the full economic impact of the country’s music industry for the first time — and the numbers are big. From 2023 to 2024, the Australian music industry generated $8.78 billion in revenue and contributed $2.82 billion in direct economic value. It’s a clear sign that music isn’t just a cultural force, but a serious part of our economy, too.But while the figures confirm the industry’s ove…