A brand new examine simply launched by the Canada Dwell Music Affiliation gives exhausting numbers that doc the financial affect of the music business on the Canadian financial system. That features an over all $10.92 billion CAD contribution to the nation’s GDP, and the creation of greater than 100K jobs.
Erin Benjamin, President and CEO of the Canadian Dwell Music Affiliation, launched the report titled Right here and Now: understanding the financial energy and potential of Canada’s reside music business at Allied Music Centre Theatre on January 30. The report, ready at the side of Nordicity, a distinguished strategic evaluation agency, gives an financial affect examine of Canada’s reside music sector
“The unimaginable small, medium, and huge venues, golf equipment, live performance halls, festivals, arenas, and different reside music areas that join artists with their followers kind an enormous, advanced, indoor and out of doors ecosystem. That is the system that facilitates reside music–and its huge provide chain throughout Canada, be it a nationwide enviornment tour, or a one-off native present in a 120-cap unbiased venue…and every part in-between.” mentioned Erin Benjamin, President & CEO of the CLMA in an announcement.
“Understanding and harnessing this technique creates a big and scalable aggressive benefit for Canadians and for all ranges of presidency and is important for our artists in order that they’ll proceed to share the music we love and wish. And why wouldn’t we? This examine is a benchmark, the numbers in it have been achieved largely within the absence of any devoted fiscal coverage frameworks aimed toward incentivizing development. $10.92B in mixed affect from reside music and tourism spending… with out attempting.”
A Look At The Numbers
Among the many 100,000+ jobs that reside music helps in Canada should not solely performers and artists, however stage technicians, promoters, venue employees and plenty of others that spill off from associated companies. These exhibits appeal to tons of of hundreds of vacationers. Let’s not overlook linked industries like inns and eating places, amongst others.
- In 2023, (aka earlier than the Taylor Swift impact), Canadian reside music festivals and reside exhibits at Canadian venues introduced in a complete of 19.69 million guests.
Mixed totals of reside music firm operations and associated tourism spending:
- $10.92 billion contribution to GDP
- $9.9 billion in customer spending
- 101,604 jobs created
- $3.73 billion in tax revenues
- $5.84 billion in labour earnings
Taking a look at reside music operations alone:
- $2 billion contribution to GDP
- 27,490 jobs created
- $513.5 million in taxes
- $1.17 billion in labour earnings
“The findings in Right here and Now make it clear that defending and rising Canada’s reside music infrastructure straight ends in extra jobs, main financial affect for cities and cities, and extra efficiency alternatives for Canadian artists. It means extra followers selecting Canada when deciding the place to spend their (billions of, because it seems) music tourism {dollars}. It means bought out inns, absolutely booked flights, bustling outlets, and eating places. It means togetherness and social cohesion. It means higher psychological well being. It means thriving downtowns. It means attracting and retaining different industries and expertise to our cities. It means extra income for artists and musicians. It means extra music and recollections with household and mates that change our lives,” mentioned Tarun Nayar, Co-Founder, 5X Competition; Co-Founder, Snakes x Ladders, artist, and board chair of the CLMA.
Remaining Ideas
As governments worldwide reduce their monetary help for the humanities, it’s vital to counteract the false notion that tradition and the humanities are a drain on public funds — one thing that advantages solely the elite few.
The report’s findings clarify that reside music as an business has a big impact on each native and nationwide economies, and one which extends far past the realm of music per se.
- You possibly can take a look at the complete report, or learn an government abstract, [HERE].
Are you seeking to promote an occasion? Have a information tip? Have to know the most effective occasions taking place this weekend? Ship us a notice.
#LUDWIGVAN
Get the every day arts information straight to your inbox.
Join the Ludwig Van Toronto e-Blast! — native classical music and opera information straight to your inbox HERE.
Anya Wassenberg is a Toronto Metropolis Editor at Ludwig Van. She is an skilled freelance author, blogger and writing teacher.
