Today, Music Australia dropped The Bass Line, the first report of its kind charting the Australian music industry’s economic power, revealing our sector brought in A$8.78 billion in revenue and contributed A$2.82 billion to Australia’s GDP in 2023–24.
“The Bass Line report finally puts hard numbers behind what we’ve long known – that music publishing, including composition and songwriting, is a A$470 million powerhouse, with A$95 million in export revenue alone, remarkably almost on par with live sector export revenue. This landmark report gives AMPAL (Australasian Music Publishers’ Association Limited) and its members the evidence we need to push for investment, policy and real support for Australian songwriters in a rapidly shifting music landscape.” Damian Rinaldi, AMPAL CEO
Damian Rinaldi joined a powerhouse panel discussion moderated by Chris Carey to discuss the findings and was joined by Jess Keeley (AAM), Dean Ormston (APRA AMCOS), Jane Slingo (EMC) and Alex Masso (Australian Music Association) to unpack the findings and spotlight the crucial role of music publishing in shaping Australia’s creative and cultural economy.
Huge congratulations to Music Australia and all involved in this milestone moment.
Read The Bass Line Report here: https://creative.gov.au/.../bass-line-charting-economic...