- 17 hours agoLifestyle
Brand on the run: Making big bucks in the music industry
Every musical artist dreams of reaching the heights of iconic bands like AC/DC, The Rolling Stones and The Beatles, but this can rarely be sustained on music alone. In order to make money in the music industry, artists must diversify their income. The president of the International Music Business Research Association, Dr Guy Morrow said there are five key income stream groups for artists. These revenue streams are recorded music, live performances, income, merchandise, song publishing and sponsorship. The key reason Morrow believes artists need to diversify their income for sustainability. “Having a diverse way of looking at revenue across a music artist career will quite often change which of these income stream groups is really meaningful to them at a particular point in an artist's career,” he tells Azzet. While the music industry has changed, Morrow says there is plenty to learn from the past and bring to the present. What brings in the most revenue? Morrow says revenue streams for artists have changed over time. This is partially due to talent managers' changing role. Morrow says in the 90s through to the 2000s they tended to have a bigger hand in artists' deals but now artists gravitate towards mor
- YesterdayBusiness
Azzet Unpacked: Making sense of the week in business
We look back on the last five days of reporting on news - not just in Australia, but around a world that appears to have gone crazy since a political whirlwind swept through the White House in January. Let us explain it to you. Is there bigger business and finance news in Australia during Budget week than the Government’s annual statement of revenue and expenditure? Ordinarily no, but this was no ordinary week, because it was rounded off by Prime Minister Anthony Albanese setting 3 May as the date when 18 million voters would go to the polls in an election likely to fight around the cost of living, as we reported here.Source: YouTubeElection modeNo sooner had the Labor leader returned from Government House, he swung into campaign mode, with our piece quoting him ruling out deals to stay in office, vowing to serve a full term, promoting his policies and criticising those of the Liberal/National Party (LNP) Opposition. “At this election, I'm asking for the support of the Australian people to keep building on the hard work that we have done and the strong foundations that we have laid,” Albanese told reporters. Azzet reporter Frankie Reid wrote here that soon after the election was called Opposition Leader Peter Dutton he
- YesterdayBusiness
Four ASX juniors get projects minted as strategic by EU
Australian ASX-listed resources juniors plying their exploration skills in Europe have become the focus of investors. Why? Because the continent has just opened up exploration and development pathways to projects deemed critical to their domestic supply chains in order to cut its long-standing dependence on China. An astonishing 47 projects dotted across Europe have been given strategic project status as part of the European Commission's Critical Raw Materials Act (CRMA) - an accelerated push to secure domestic pipelines of materials from production through to manufacturing. The commission said the projects require €22.5 billion in capital. It has coordinated financing pathways across both the public and private sectors, as well as cut red and green tape to accelerate permitting and development. Find out more: Mission Critical: Too late for EU domestic supply push? European Commission exec VP Stéphane Séjourné says the move is a landmark moment for European sovereignty as an industrial powerhouse. “We must increase our own production, diversify our external supply, and make stockpiles.” The Commission also confirmed that additional project rounds will follow, including consideration of applications from third cou
- YesterdayBusiness
ASX floats: What to consider before buying into an IPO
A company’s decision to float on the Australian Securities Exchange (ASX) is typically done together with an initial public offering (IPO) which allows them to raise the funds needed to expand the business. That’s great for those responsible for bringing a company to market, but not always great for you, the poor old punter. With that in mind, Azzet ran a rule over what you need to know before investing in ASX floats. An IPO can provide a ground-floor opportunity to acquire tomorrow’s ASX leaders before future growth is factored into the price. But the opposite is also true, and based on the ASX’s recent past, you’ve got a 50-50 chance of an IPO being valued at less than what you paid in the first 12 months. First the history lesson: The ASX is littered with examples of floats that didn’t make shareholders' money, either short-term or even over the long haul. So how can you ensure you back the next Guzman Y Gomez (ASX: GYG) - up from an issue price of $22 last June to $33.34 today - instead of future share market debris? Weeding out the duds The trick to isolating quality IPOs from the duds, claims Bruce Apted senior portfolio manager at State Street Global Advisors is avoiding overpriced and over-sprui
- YesterdayPolitics
Defence opens office to sell weapons, tech to allies
Australia’s Department of Defence will add a new Strategic Sales Office to sell defence technology to international allies, after a boost to Defence spending in the Federal Budget. The Australian Defence Strategic Sales Office will be a joint effort between the Federal Government and the Defence industry, with its first sale priorities including protected mobility vehicles, weapons carriers, and radar networks. “Australian companies will benefit from a centrally coordinated platform that proactively promotes, negotiates and drives forward their export sales,” the Department of Defence said. “This initiative delivers on the commitment under the 2024 National Defence Strategy to support [the] Australian Defence industry to pursue export opportunities and integrate Australian companies into global supply chains.” Defence also said today that it would establish Australia’s first missile factory, due to be built in Newcastle, New South Wales. The factory, operated by Kongsberg Defence Australia, will be the first site outside Norway to manufacture Kongsberg’s Naval Strike Missile and Joint Strike Missile. Construction is set to start in 2027. “It will supply missiles for both the ADF and international partners, enhanc
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Real Estate has been a mainstay of Australian institutional portfolios for decades. Core holdings, such as office and retail, have come under enormous pressure in recent years, but are we about to turn a corner? The continued appropriateness of traditional sector definitions, access points and security of income, as well as an examination of “alternative” opportunities both globally and domestically is now an imperative for allocators. This forum encourages constructive, candid dialogue between key private credit allocators, managers, and consultants to provide novel views and insights on first, second and third order impacts of key trends.
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An unmatched, unrivalled and scarce riverfront position in Mosman Park’s most unique and exclusive enclave. One of only a few properties that not only rests high above the river – with panoramic no...
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