35% of Australian music festivals lose money due to rising costs, decreased younger audience, and high ticket prices.
Australia's music festival industry faces challenges with 35% of festivals losing money due to rising operational costs, lack of funding, insurance concerns, and extreme weather. Younger audiences (aged 18-24) have decreased from 41% in 2018-19 to 27% in 2022-23, while those aged 25-29 increased to 35%. The average cost to run a festival is $3.9 million and ticket prices deter 55% of potential attendees. The report, Soundcheck: Insights into Australia's music festival sector, presents data from 2022-23 and explores the festival scene across all states and territories.
April 09, 2024
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