The Festival Economy Is Broken

In this series, Going Deep, we’ll be doing bite-sized explorations into the most interesting industries, businesses and economic events in Australia - and around the world.

For today's episode, we're deeping the decline of the Aussie music festival. This was a scene that once gave us Big Day Out, Soundwave and Splendour in the Grass… but no more.

In this episode, we're looking at why so many of them collapsed, what the economics actually look like behind the scenes and whether anything is going to fill the gap they've left behind.

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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.

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