3 major music festival companies (Live Nation, TEG, AEG) control 85% of Australia's live music market in 2022, impacting artists and local talent.

Young people's cautious spending amid cost of living crisis and climate concerns has impacted music festivals, with 3 major companies (Live Nation, TEG, and AEG) controlling 85% of Australia's live music market in 2022. This concentration has unfavorably affected artists and limited development of local talent, while also creating high barriers for smaller companies to challenge the dominance.