Australia's Live Music Industry Faces 'Imminent Collapse' | Music News

Ain't that some headline?  With revenue all but drying up during the health crisis, the vast majority of businesses across Australia’s live industry are facing shutdown in the next half-year, with as many as one third of the country’s live network predicted to be out of business come Christmas. Those are some of the alarming conclusions gleaned from the Australian Live Music Business Council’s first-ever survey of its members. Published on the 24th of September, the ALMBC’s study found 70 percent of its members are predicting closure within the next six months, based on cashflow, or rather lack thereof. Almost three-quarters of its polled members experienced a slide in revenue of 75-100 percent since March, when pandemic forced the closure of venues across the country. There’s no way to sugarcoat it. Australia’s live music industry faces “imminent collapse” if the situation doesn’t charge, according to the newly-formed trade body. But first, its “urgent priority” is to find solutions for the 30% of members who are not expected to see out Christmas. Thanks for listening! Be sure to subscribe for more content. Like Homebrewed on Facebook Follow Homebrewed on Instagram Check out Homebrewed Selects on Spotify Catch up on everything Homebrewed Homebrewed is a radio program and podcast dedicated to supporting the Australian Music Industry. Cameron Smith and Eamonn Snow have been presenting Homebrewed since November 2017 and have received excellence awards and the admiration of local bands for their presentation of Homebrewed and their continued support of the Australian music scene. This podcast is designed so you can enjoy conversations with musicians, industry representatives and music media personalities.