NZ Live Music Worth $120M

New Zealand’s live music sector is worth NZ$120 million ($78.5 million) to the country’s economy, says a new report. 

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Its festivals, concerts and music venues are also responsible for 1,193 jobs. The PwC figures are part of an overall estimate of the New Zealand music industry, which found that the total industry contributed NZ$472 million ($309.7 million), an increase of 4.4 percent from NZ$452.2 million ($296.7 million) in 2013.

The recorded music and publishing sector was the largest, which made up 75 percent of the contribution when combined with live music, and constituted 80 percent of total employment.

With the huge domestic popularity of acts including LordeThe Naked And FamousScribeBroods, and David Dallas, sales from NZ acts directly contributed NZ$54 million ($35.4 million) to the economy. New Zealand’s GDP was NZ$217 billion in the June 2015 quarter.

The full report can be read here.