Australia’s live entertainment industry reportedly has a proposed recovery plan in place worth $345 million AUD (over $240 million USD).
The emergency fund from Live Performance Australia (LPA) intends to get music festivals, promotors, venues, etc. back into the swing of things following the coronavirus (COVID-19) shutdown.
If approved, the recovery plan would also include tax breaks for production costs and venues, and a direct fund to restart tours. Plus, plans for international tourists by the waiving of visa fees for international performers after travel bans are lifted.
LPA CEO Evelyn Richardson explains: “Unlike some parts of the economy, a gradual re-opening process is not commercially viable for most of our industry. We can’t re-open venues that only have dozens in the audience. That’s why we will need a sustained and strategic investment by the government to get our industry up and running again.”
The LPA’s previously proposed bailout was denied back in March.
See the full report here.
Source: Digital Music News | Photo via Rukes.com
This article was first published on Your EDM. Source: Australia’s Live Music Recovery Plan Reportedly Worth $345 million AUD
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