Music and Theatre Productions in Australia

Overview

Exit stage left: A lack of government grants has caused smaller companies to exit the industry

The Music and Theatre Productions market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry revenue fluctuates according to operators' ability to stage popular shows
  • Popular music has remained the industry's most profitable segment, due to its popularity
  • Operators are likely to seek private and corporate funding to offset diminishing government grants

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    Industry Analysis & Industry Trends

    Organisations in the Music and Theatre Production industry vary significantly. Traditional performing arts production companies heavily rely on government funding to remain viable and produce non-mainstream performances, while contemporary music production companies can achieve high profit margins by appealing to larger audiences. Industry revenue fluctuates according to industry operators' ability to stage popular shows and peoples' willingness to spend on entertainment. While the two markets (traditional and contemporary performing arts) generally appeal to different demographics, growth in the popular music segment has come at the expense of traditional segments such as ballet and classical music concerts...

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    Industry Report - Industry Investment Chapter

    The industry exhibits a low level of capital intensity due to the labour-intensive nature of its operations. Music and theatre production companies are labour-intensive and emphasise talent, creativity and skill. Well-known actors and musicians can command higher fees and wages, while larger casts can increase production costs. Capital inputs include lighting and audio technology.

    In 2016-17, an estimated $0.07 is spent on capital for every dollar spent on wages. This indicates that the industry's inputs are largely related to labour. Key labour inputs include dance choreography, music and play composition, and performance. Capital intensity has increased over the past five years due to rising purchase costs such as lighting, props and costumes.

    ..

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    Additional Insights for the Music and Theatre Productions Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Music and Theatre Productions Industry are

  • Proximity to key markets
  • Effective product promotion
  • Ability to take advantage of government subsidies and other grants

    • IBISWorld analysts also discuss how external factors such as Expenditure on recreation and culture and Government funding for heritage and arts in the Music and Theatre Productions industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Music and Theatre Productions Industry?

    Industry companies produce live theatrical, musical, and dance performances including music concerts, opera, ballet and drama plays.

    Industry Products
    Classical music concerts
    Popular music concerts
    Theatre performances
    Dance performances
    Musicals and operas
    Other performances
    Industry Activities
    Dance and ballet company operation
    Circus operation
    Musical theatre operation
    Musical performances
    Opera operation
    Orchestra operation
    Performing arts operation
    Theatre operation
    Theatre restaurant operation

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Expenditure on recreation and culture
  • Government funding for heritage and arts
  • Real household discretionary income
  • Business confidence index
  • Females in the labour force
  • International tourist visitor nights

    • Current Performance
  • Government grants, corporate sponsors and donations
  • Popular music
  • Expanding audiences
  • Chart: Revenue Growth

    • Industry Outlook
  • Funding models
  • Expanding audiences
  • Table: Music and Theatre Productions Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Music and Theatre Productions Industry Lifecycle vs The Economy

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

    • Key Selling Industries
  • Advertising Agencies
  • Domestic Airlines
  • General Warehousing and Cold Storage
  • Performing Arts Venues
  • Road Freight Transport

    • Products & Services
  • Popular music concerts
  • Musicals and operas
  • Other performances
  • Theatre performances
  • Dance performances
  • Classical music concerts
  • Chart: Music and Theatre Productions Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Females aged 25 to 44
  • Females aged 45 to 64
  • Males aged 25 to 44
  • Males aged 45 to 64
  • Females aged 15 to 24
  • Females aged 65 and over
  • Males aged 15 to 24
  • Males aged 65 and over
  • Chart: Major Market Segmentation for the Music and Theatre Productions Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent, utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Music and Theatre Productions

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Music and Theatre Productions Industry

    • Industry Globalization
    Major Companies
    Opera Australia
  • Table: Opera Australia - financial performance

    • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Music and Theatre Productions Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Music and Theatre Productions Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Artistic Vibrancy
  • A framework by which organisations can qualify their impact in a holistic manner.
    • Drama Play
  • A stage play that does not rely on songs to tell the story. This covers both dramatic and comedic plays.
    • Traditional Performing Arts
  • Performing arts that existed before the modern cultural era (such as opera, ballets, plays and orchestral works).

    • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Music and Theatre Productions:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Music and Theatre Productions market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Music and Theatre Productions, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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