Industry Analysis & Industry Trends
Performing arts venues depend on upstream demand from music and theatre production companies. In turn, demand for these performances is sensitive to trends in real household disposable income. Industry performance also depends on how much consumers are willing to spend on cultural events and activities. At a less aggregate level, education and arts appreciation also play a pivotal role in increasing demand. As household incomes rise, the proportion of income allocated to live theatre attendance will also grow.
Public and corporate financial support for the industry, including sponsorships, tends to fluctuate with changes in economic conditions... purchase to read more
Industry Report - Industry Locations Chapter
The industry tends to be more concentrated in New South Wales and Victoria due to population trends in these regions. Past and current capital allocations, and other support provided by state and territory governments, can also influence the geographic distribution of industry businesses. Increases in Queensland's population over the past decade have resulted in a higher number of performing arts venues in the state.
Arts and cultural activities participation of the local population in each state is also influential. Furthermore, the share of music and performance companies existing in each state can give a good indication of the number of training and educational facilities available for the arts... purchase to read more