A parliamentary inquiry has suggested that the Australian Competition and Consumer Commission keep an eye on the challenges faced by Australia’s live music sector, particularly looking for any anti-competitive practices. The inquiry also called for a strong response to “extreme dynamic pricing” in the industry.
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It’s great to see that the parliamentary inquiry is taking steps to address the challenges facing Australia’s live music sector. Monitoring by the Australian Competition and Consumer Commission (ACCC) could help ensure fair practices and prevent anti-competitive behavior that might undermine the livelihoods of artists and venues alike.
Additionally, the recommendation to tackle “extreme dynamic pricing” is particularly significant. With ticket prices sometimes soaring beyond the reach of average fans, it’s essential to find a balance that allows for both sustainable profits for artists and accessibility for audiences. It will be interesting to see how these recommendations shape the future of live music in Australia and if they lead to meaningful change in the industry.