New Report Finds Music Brings $375 Million To SA Economy

Image credit: Tourism Australia
Jasmine Crittenden
| December 5, 2017

Music contributed $375 million to the South Australian economy in 2015-16, according to the inaugural EconSearch report, which was released on Friday 30 November. The tally takes into account every aspect of the music industry, including gigs, festivals, recording studios, media, retail, manufacturing, song writing and education.

“We have been working closely with the music industry and local government to remove barriers and reduce red tape, helping our live music scene to thrive,” said Premier and Arts Minister Jay Weatherill. “For the first time we have also now benchmarked the economic value of live music and I look forward to seeing jobs continue to grow in the sector.”

The report found that the music industry employs 6,300 South Australians, in full-time, part-time and contract positions, who earn 96% of their income within the state.

In addition, during the past two months, Adelaide featured in two announcements made by Lonely Planet, a media company dedicated to travel. On 16 November, the West End was listed as one of “three coolest Australian Neighbourhoods to visit right now”. In October, Adelaide was revealed as one of 52 areas included in Lonely Planet: Culture Trails, and described as “Australia’s Live Music City”.

“Adelaide’s ability to collaborate between local government, state government, the private sector and performers has seen live performance thrive in a way that sets us apart from other cities in Australia and around the world,” said City of Adelaide Lord Mayor Martin Haese. “Live music is not only important to our culture and creativity, but also to our economy … The streamlining of regulations has made it easier for music venues, venues not traditionally music focused and musicians to access audiences in a range of settings, all adding to the vibrant music scene Adelaide is so well known for.”

 

 

 

 

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