Industry and Statistical Profile
- New Brunswick is home to over an estimated 280 music businesses and 670 artist entrepreneurs.
- New Brunswick’s music industry has experienced an estimated 284% increase in industry revenues over the last decade, rising from $19.9 million in 2003 to $76.5 million in 2013.
- The primary sources of revenue were live performance, education and sales of sound recordings.
- New Brunswick’s music industry accounts for a total of $36.6 million in expenditure.
- The primary sources of expenses were labour costs, followed by travel, equipment and fees paid to other artists.
- The most prominent music business activities in New Brunswick were in the live music sector, starting with promoting, followed by live events management, and managing artists.
- Music businesses and professionals in New Brunswick employ an estimated total of 390 employees, resulting in 290 FTE jobs.
- Generating $13.5 million in total wages, the average FTE salary is approximately $46,000 and the company operating margins are estimated at 3.8%.
- New Brunswick music businesses and professionals promoted or hosted over an estimated combined total of 5,430 live performances in 2012.
- The total economic impact of the full music industry in New Brunswick was 954 FTE jobs (in addition to 676 artists), $41.2 million in labour income and $65.2 million in GDP.
- For every $1 of music industry expenditures, approximately $0.90 is captured by the New Brunswick economy.
- The total fiscal impact of the full music industry in New Brunswick was $19.6 million in tax revenues to all levels of government.
- Federally, the New Brunswick music industry contributed $5.8 million in personal income taxes, $1.4 million in corporation taxes and $1.9 million in consumption taxes to government.
- Provincially, the New Brunswick music industry contributed $3.6 million in personal income taxes, over $300,000 in corporation income taxes, $4.1 million in consumption taxes and $2.3 million in local property taxes and other fees to government.
To read the full Sound Impact Sonore report