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Multinational Live Nation is dominating Australia’s live music industry: It’s squeezing out local competition by acquiring smaller independent operators. Over 1,300 venues have shut down and major festivals have been bought out, cancelled, and closed. Now, a Four Corners investigation reveals how the corporation — and its ticketing arm Ticketmaster — are maximising profits at the expense of both consumers and artists. Many musicians have been afraid to speak out against Live Nation for fear of the repercussions to their careers. Reporter Avani Dias speaks to industry insiders and some of the country’s leading musicians who expose the company’s practices for the first time. They’re calling on the federal government to step in and regulate live music to ensure the survival of Australia’s vibrant music scene. EDITOR’S NOTE: October 28, 2024: Where this report refers to Live Nation making record revenue of nearly 23 billion US dollars, this means gross revenue and not earnings after expenses. CHAPTERS 00:00 – What was your first gig? 00:50 – Live music under siege 02:20 – Peter Garrett 03:12 – Live Nation 04:50 – Wave Rock festival 10:09 – Financial stake in every part of Australia’s live music industry 11:39 – Bad//Dreems 13:29 – Going on tour 14:10 – Making money as a musician 17:50 – Blues Fest 18:49 – Splendour in the Grass 20:02 – Government funding for Live Nation 22:24 – The fight to save small venues 23:05 – Oasis 26:05 – Dynamic pricing 28:02 – Ticket prices 29:20 – Inside charge 33:03 – What is the government doing? 34:05 – Barkaa 35:20 – ‘Cowboy industry’ 35:40 – Promoters 38:38 – Taylor Swift 39:55 – Live Nation court case in the United States 44:26 – Importance of music This episode was originally broadcast as ‘Music For Sale’ on 14 October 2024 on ABC TV and ABC iview. Four Corners is Australia’s premier investigations documentary series. Follow Four Corners on Facebook: / abc4corners Subscribe to the Four Corners weekly newsletter: https://www.abc.net.au/news/subscribe Find out more at the Four Corners website: https://www.abc.net.au/news/programs/... Note: In most cases, our captions are auto-generated. Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia