Finance minister Nirmala Sitharaman hopes to improve on 2018–19's "upsplurge" in foreign direct investment (FDI) to grow India's entertainment sector
Sign up for IQ Index
The latest industry news to your inbox.
As Australians prepare to go the polls, 98% say they want to see financial support for the country's music sector – and nearly ¾ say it will affect how they vote
By IQ on 16 Jun 2016
A commitment to financial support for the music industry will affect how many Australians vote in the upcoming general election, a survey by collection society APRA AMCOS has revealed.
An overwhelming 98% of the 9,858 people who responded to APRA AMCOS (the Australasian Performing Right Association and the Australasian Mechanical Copyright Owners’ Society)’s Support Australian Music survey said they believe the Australian government should invest in its music industry, with 72% going so far as to say that a commitment to a significant investment in Australian music would influence their vote in 2 July’s federal election.
Nearly a third of respondents live in marginal seats. The Australian reports that opposition leader Bill Shorten only needs to win over some 30,000 voters to snatch victory from Malcolm Turnbull’s governing Liberal/National coalition.
72% of respondents said that a commitment to a significant investment in Australian music would influence their vote in 2 July’s federal election
The last Australian federal budget, which defunded export office Sounds Australia, was heavily criticised by live music industry figures, with the concert and broader music/arts sector “completely missing from the government’s vision for the Australian economy”, said Live Performance Australia’s Evelyn Richardson.
APRA AMCOS has previously recommended giving some form of tax rebate to Australia’s live music venues.
According to Live Performance Australia, live music generates A$2 billion annually for Australia. The University of Tasmania estimates that every $1 spent on live music returns $3 to the wider Australian economy.
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.