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THE SCOOP | Canada Dwell Music Affiliation Releases A Benchmark Examine On Business Financial Impression


The Hambourg Trio on the Toronto Arts and Letters Membership: Jan, Boris and Professor Michael Hambourg in June 1912 (Archives of Ontario/Public area)

A brand new research simply launched by the Canada Dwell Music Affiliation provides arduous 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 stay music business at Allied Music Centre Theatre on January 30. The report, ready along side Nordicity, a distinguished strategic evaluation agency, provides an financial affect research of Canada’s stay music sector

“The unbelievable small, medium, and huge venues, golf equipment, live performance halls, festivals, arenas, and different stay music areas that join artists with their followers type an unlimited, complicated, indoor and out of doors ecosystem. That is the system that facilitates stay music–and its large provide chain throughout Canada, be it a nationwide area tour, or a one-off native present in a 120-cap unbiased venue…and all the pieces in-between.” stated Erin Benjamin, President & CEO of the CLMA in an announcement.

“Understanding and harnessing this method creates a big and scalable aggressive benefit for Canadians and for all ranges of presidency and is crucial for our artists in order that they’ll proceed to share the music we love and wish. And why wouldn’t we? This research is a benchmark, the numbers in it have been achieved largely within the absence of any devoted fiscal coverage frameworks geared toward incentivizing development. $10.92B in mixed affect from stay music and tourism spending… with out making an attempt.”

A Look At The Numbers

Among the many 100,000+ jobs that stay music helps in Canada are usually not solely performers and artists, however stage technicians, promoters, venue employees and lots of others that spill off from associated companies. These reveals entice tons of of 1000’s of vacationers. Let’s not overlook linked industries like accommodations and eating places, amongst others.

  • In 2023, (aka earlier than the Taylor Swift impact), Canadian stay music festivals and stay reveals at Canadian venues introduced in a complete of 19.69 million guests.

Mixed totals of stay 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 revenue

stay music operations alone:

  • $2 billion contribution to GDP
  • 27,490 jobs created
  • $513.5 million in taxes
  • $1.17 billion in labour revenue

“The findings in Right here and Now make it clear that defending and rising Canada’s stay music infrastructure immediately leads to 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 accommodations, 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 buddies that change our lives,” stated Tarun Nayar, Co-Founder, 5X Pageant; Co-Founder, Snakes x Ladders, artist, and board chair of the CLMA.

Remaining Ideas

As governments worldwide reduce their monetary assist for the humanities, it’s necessary 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 stay 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].

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