Demand for music and theatre productions is dependent on growth in real household disposable income, which is affected by movements in general employment growth, interest rates and taxes. Industry performance is dependent on the proportion of expenditure that consumers are willing to allocate to cultural events and activities. Levels of art appreciation, education and training are also important to industry growth. The industry is sensitive to public and private financial support, including sponsorship, which fluctuates due to economic changes.
Companies in this industry produce live theatrical or musical performances including concerts, opera, ballet and drama plays.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.