Why Music Festivals are Crucial to our Economy | Music News

Bluesfest Byron Bay returned in April after three cancellations. An economic study showed it created thousands of jobs and millions of dollars for local economies, and it featured high on a Pollstar mid-year report The final attendance figure was 101,024 - the fifth highest in recent history 45% of the audience came from across the border, and they brought between $175 million to $180 million with them, further highlighting the need for the NSW Government to retain Bluesfest within their borders Bluesfest injected $70.2 million into the Byron Shire, with spending of $142.2 million, wages and salaries of $25.6 million and about 641.8 full-time equivalent (FTE) employment positions. The ravaged Northern Rivers economy benefitted to the tune of $143.9 million, with the festival spending $254 million, creating 1,348.5 FTEs and $57.2 million on wages and salaries. NSW had a fresh injection of $232.3 million, in addition to the festival spend of $416.5 million, 2,002 FTEs, and wages and salaries of $97.8 million. Bluesfest contributed $272.3 million to the Australian economy, with a $459.2 million national spend, 2,149 FTEs, and wages and salaries amounting to $108.8 million. Thanks for listening! Be sure to subscribe for more content. Like Homebrewed on Facebook Follow Homebrewed on Instagram Check out our Spotify Playlists here 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.