More than half of festivals (56 per cent) reported a profit in 2022-23, with the median profit being $731,579.

The largest genre was electronic music, which accounted for 23 per cent of the festival sector. Rock (21 per cent), country (19 per cent) and indie music (17 per cent) were also dominant genres (a single festival could encompass multiple genres).

The report does not factor in all the smaller festivals and bush doofs that take place across Australia, many of which have managed to withstand the body blow affecting the industry due to their niche audience and lower costs.

Drawing upon data collected in the National Arts Participation Survey, released last September, Soundcheck reports that festival attendees are going to fewer music events generally than they were prior to the pandemic.

“Compared to 2019, music festival goers are attending nearly three fewer music events per year (10.5 music events in 2022, down from 14.2 in 2019),” the Soundcheck authors noted.

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The most significant drop was among 25–39-year-olds (down from 16.7 music events in 2019 to 11.9 in 2022) and 18–24-year-olds (down from 14.1 events per year in 2019 to 11 in 2022).

“One potential explanation for this drop is the impact of rising attendance costs for music events combined with the increasing cost of living in Australia,” the authors said. “Contemporary music festivals had the highest average ticket price of all arts events in 2021, and many come with additional costs for patrons such as travel and accommodation,” they added.

“The cost of tickets remains the most common barrier to attendance, impacting more than half of Australians (55 per cent).”

According to Soundcheck, “half of the music festivals held in Australia are located in regional or rural areas”, and such events “can hold a significant economic and cultural value for the local area and play an important role in regional development”.

It is, however, regional events that are most at risk from environmental factors (heavy rainfall and flooding, fire, heat and drought) and cost-of-living pressures (by virtue of being multi-day events with add-on costs for travel and accommodation).

Events like CMC Rocks (this one was in Pokolbin in the Hunter Valley in March 2013) bring significant economic benefits to the regions, but are increasingly at risk from environmental factors.

Events like CMC Rocks (this one was in Pokolbin in the Hunter Valley in March 2013) bring significant economic benefits to the regions, but are increasingly at risk from environmental factors.Credit: Destination NSW

“Climate extremes are having a serious impact on music festivals,” the report notes. “In the summer of 2021–22, over a dozen music festivals across the country were postponed or cancelled due to record floods …the previous summer festival season in 2019–20 was also impacted by large-scale weather events. Coinciding with the devastating Black Summer fires, festivals such as Falls and Day on the Green in Victoria and Lost Paradise in New South Wales were cancelled due to threats from fire or dangerous smoke.”

The possibility of cancellation, one promoter interviewed by the authors said, meant it was becoming increasingly difficult to attract headline acts from overseas to come to Australia for an outdoor festival.

“When you’re negotiating with your talent … because it’s so remote … they feel there’s a lot of risk in coming to Australia,” the promoter said.

Another significant factor that has emerged is the Music Festivals Act in NSW, developed following a spate of deaths at festivals in 2019. The law imposes strict requirements on festival organisers – in some cases, including that each underage ticket holder must be accompanied by an adult – that can inflate costs associated with increased police and security staff, and deter attendance by younger punters.

“It’s the total aversion to any level of risk,” one festival organiser said of the approach. “It feels like New South Wales Police see [festivals] as a coronial inquiry waiting to happen.”

More than a quarter (27 per cent) of festivals reported that navigating policy and/or security requirements was having a “moderate to severe” impact on their event.

Contact the author at kquinn@theage.com.au, follow him on Facebook at karlquinnjournalist and on Twitter @karlkwin, and read more of his work here.

Read More: World News | Entertainment News | Celeb News
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