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.
April 06, 2024
3 Articles