Local Indie Artists Make Up A Third Of What Aussie Music Lovers Are Listening To

No Comments 5 September 2017

Local Indie Artists Make Up A Third Of What Aussie Music Lovers Are Listening To

The economic value of our indie artists has been stamped today following news that independent music makes up a third of the Australian market share.

New research conducted by Australian Independent Record Labels Association (AIR) has found that independent music’s estimated total revenue equated to over $154 million in the 2014/2015 financial year.

The report, titled AIR Share: Australian Independent Music Market Report, will be launched at BIGSOUND today.

Other key findings from the report include:

• The Australian recording industry as a whole had revenue of just under $400 million in 2014-15

• 44% of independent sector revenue comes from digital channels

• More than half (57%) of independent sector revenue is attributable to Australian artists

• 95% of independent sector music releases are new content

“This is truly a benchmark report that serves as the first indicator of the enormous cultural and fiscal value the Australian independent recording sector contributes to the Australian economy,” AIR general manager, Maria Amato, said.

Read More: http://themusic.com.au/news/all/2017/09/05/local-indie-artists-make-up-a-third-of-what-aussie-music-lovers-are-listening-to/

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