Labor promises $28 million funding support for the Australian music industry

Ahead of the Upcoming Election

In the lead-up to the next election, the Australian Labor Party (ALP) has announced plans to offer further support to the music industry if they are successfully elected.

The party reportedly promises to commit $28 million to live music, education and to support the wider music community if elected next year. Sectors expected to benefit from the funding include youth music, mental health and music, new recordings, and support for both music managers and music teachers.

 

"We want to inspire the next generation of Australian artists and to see more international success stories," Opposition Leader Bill Shorten said on Friday.

 

Sounds Australia, a national music export platform working to raise the profile of Australian music in key international markets, is also set to receive $10 million worth of funding as part of the $28 million promise, spaced out over three years.

 

It’s an initiative that is well-deserved for the Australian music industry, which has generated a host of successes in recent times. A report from Live Performance Australia announced our industry achieved a record-breaking 2017, while APRA AMCOS also broke records by paying out $362 million in royalties to songwriters over the 2017-18 financial year.

 

Image via Danny Howe.

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