Hit the right note: Revenue is forecast to grow as companies draw in younger audiences

Organisations in the Music and Theatre Productions 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 consumers' willingness to spend on entertainment. Over the past five years, declining average ticket prices in the popular contemporary music segment have resulted in more traditional segments, such as musical theatre production, accounting for a greater share of industry revenue...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
-1.4%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
9,152
Businesses
1,419
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry is expected to post a stronger performance over the next five years
  • An increasing share of total government funding for the arts has been allocated to the industry
  • Government funding for heritage and arts is forecast to increase over the next five years

    • shopping_cartPURCHASE OPTIONS Whats in this report faqs Download Sample
    IBISWorld client - ADP Watch Testimonial
    ... DigiCert Seal

    Industry Report - Industry Analysis Chapter

    The Music and Theatre Productions industry has posted a mixed performance over the past five years. Industry revenue is expected to decline at an annualised 1.4% over the five years through 2017-18, to $1.3 billion, including growth of 2.4% in 2017-18. The quantity and popularity of international performers touring Australia in any given year heavily influence annual industry revenue. Rising attendances at performances and higher ticket prices have driven revenue in some years.External demand driversThe industry’s operating conditions have varied over the past five years. Total expenditure on recreation and culture has increased over the period, benefiting industry operators. How...purchase to read more.

    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..

    shopping_cartPURCHASE OPTIONS

    What's in this 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
  • Contemporary music
  • Musical theatre
  • Festivals
  • Theatre
  • Classical music
  • Other productions
    • 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
  • International tourist visitor nights

    • Current Performance
  • External demand drivers
  • Not-for-profit enterprises
  • For-profit enterprises
  • Expanding audiences
  • National opera review
  • Chart: Revenue Growth

    • Industry Outlook
  • Funding models
  • Industry structure
  • 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
  • Contemporary music
  • Musical theatre
  • Other productions
  • Festivals
  • Theatre
  • Classical music
  • Chart: Music and Theatre Productions Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Consumers aged 25 to 34
  • Consumers aged 15 to 24
  • Consumer aged 35 to 44
  • Consumers aged 65 and over
  • Consumers aged 45 to 54
  • Consumers aged 55 to 64
  • 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

    There are no major players in this industry. This report includes analysis of other companies.

    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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Drama Play
  • A stage play that does not rely on songs to tell the story. This covers both dramatic and comedic plays.
    • Major Performing Arts Framework (Mpa)
  • The MPA consists of 28 prominent theatre and music organisations, which receive funding on behalf of the federal and state governments.
    • Traditional Performing Arts
  • Performing arts that existed before the modern cultural era (such as opera, ballets, plays and orchestral works).
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Music and Theatre Productions market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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.

    Join IBISWorld today

    Become a Member shopping_cartPURCHASE OPTIONS

    Contact Us

    Want to speak to a representative? Call us.

    phone +61 3 9655 3800    OR     Enquire Here
    clear