Saturday, September 29, 2012

LIVE MUSIC VENUES IN AUSTRALIA – IT’S TIME TO FACE THE MUSIC

Newtown’s Sandringham Hotel, a famous live music venue in Sydney’s inner city, has been the subject of plenty media coverage over the past 12 months.


The Sando [as it is affectionately known] last changed ownership in 2005 at the height of Australia’s commercial property boom. The valuations of live music venues have plummeted since the Global Financial Crisis, primarily due to restrictive anti-smoking and gaming legislations introduced in Australia during the past decade. The proprietor of The Sando simply isn’t generating enough cash flow to pay his loans, thus his Bank has decided to foreclose on the debt and sell the business.

There have been plenty of famous local musicians attempting to rally support to “Save The Sando”, due to its history and importance in the Sydney live music industry, however despite these best endeavours the actions have been in vain.

Let’s delve deeper into the sagging fortunes of Australia’s live music venues.

The live music scene peaked in Australia in the early 1980’s, when pubs and clubs were packed like sardines 7 nights a week with enthusiastic audiences. There were never enough bands and solo artists to meet demand, and Australia’s music fortunes were flying.

Over time, the introduction of the Internet changed everything. Our lives are so much busier in the present day; we simply don’t have time to go out 2-3 nights a week to see a live music performance. The Internet is a more convenient [and cheaper] form of entertainment.

It has never been tougher than now to make a living in the music industry, and this comment also extends to proprietors of live music venues. The local music scene has changed significantly in the past 5 years, with the electronic medium swiftly overtaking our historical values.

The Sando isn’t an isolated case; there are plenty of live music venues sitting dormant around Australia since 2008. These venues will most likely be converted into residential apartments, as this is an investment which will never go out of fashion.



No comments:

Post a Comment