Entertainment: Australia's Annual Music Exports Worth $137M: Report - - PressFrom - Australia
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EntertainmentAustralia's Annual Music Exports Worth $137M: Report

12:21  17 july  2019
12:21  17 july  2019 Source:   billboard.com

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The report , Born Global: Australian Music Exports , is a first of its kind study that calculates the value of the national music business as an international export . Conducted over three years by the University of Newcastle and Monash University, in partnership with Sounds Australia , APRA AMCOS and the

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Australia's Annual Music Exports Worth $137M: Report© Matsu Flume

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Australia's Annual Music Exports Worth $137M: Report
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They’re part of a music community which makes almost A$200 million ($137 million) from international markets each year, according to a new export study.

The report, Born Global: Australian Music Exports, is a first of its kind study that calculates the value of the national music business as an international export.

Conducted over three years by the University of Newcastle and Monash University, in partnership with Sounds Australia, APRA AMCOS and the Australia Council for the Arts, the study gives further weight to the notion that Australian acts are growing in profile in the streaming age. Certainly, the money is coming in.

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Australia ' s third largest export , education, is worth far more than we thought. After a major data adjustment the Australian Bureau of Statistics (ABS) The report helps to paint a clearer picture of the state of Australia ’ s exporting music industry, and illustrate the strong points and opportunities in

The export value of Australia ’ s music industry is estimated to be worth AUS 5 million ($ 137 m ). That’s according to a new report examining the cultural and economic value of Australian music exports entitled, Born Global: Australian music exports .

According to the most recent full-year figures from APRA AMCOS, overseas royalties to Australian artists doubled over the past five years to A$43.7 million ($30 million) in 2018.

Among the key takeaways of the study: music exports are increasing; Australian music exporters are entrepreneurial by nature; artists who are successful exporters also tend to enjoy success at home; and exports can provide vital income, with four in ten surveyed artists reporting foreign income or expenses.

Australian acts are playing more gigs overseas.

The number of international performances reported to APRA AMCOS has spiked, from 2,845 in 2012 to 7,095 in 2017, though the export income of Australian artists remains concentrated, with 10% of artists accounting for 97% of total export income.

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The Aussie music community makes almost A0 million (7 million) from international markets each year, according to a groundbreaking new export study. Astonishing story behind secret drug labs in Myanmar jungles which are feeding Australia ' s Annual Music Exports Worth $ 137 M

Australia ' s Annual Music Exports Worth $ 137 M : Report . The Aussie music community makes almost A0 million (7 million) from international markets each year, according to a groundbreaking new export study.

Australia's Annual Music Exports Worth $137M: Report© Getty Images Courtney Barnett The United States, United Kingdom and Germany are the big international touring markets, though based on YouTube searches, Aussie artists have a wider digital net, spreading into such emerging markets such as Southeast Asia and Latin America.

The report helps to paint a clearer picture of the state of Australia’s exporting music industry, and illustrate the strong points and opportunities in future, explains Paul Mason, Australia Council Arts music director.

“Music is one of our nation’s most powerful cultural exports,” says Mason.

“When our artists connect with audiences around the globe, they are sharing culture and perspectives.

The increased number, range and diversity of Australian musicians who are achieving international success is promoting a rich and nuanced sense of Australian creativity in a global context."

More and more Australian musicians "are now globally recognized household names, with music now standing alongside the powerhouses of Australian exports; food, agriculture, wine, tourism,” comments APRA AMCOS CEO Dean Ormston.

“But we are at a critical time for our industry, at a crossroad when the economic models that support music are shifting around the world.”

The opportunity now, he adds, is to “build on the work in the North America and European markets and to explore the full potential of Australian music exports and people-to-people links in the Asia-Pacific rim and South America.”

All this has been achieved, notes the report, with relatively modest investments from government and industry.

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'One-trick pony'? Australian exports zoom despite global trade war.
'One-trick pony'? Australian exports zoom despite global trade war

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