An ABC investigation reveals the impact of multinational companies like Live Nation on the Australian music industry.

Dr Sam Whiting, Senior Research Fellow at RMIT University focusing on the cultural economy, explains to Clinton that the sector, once diverse, is now dominated by multinationals like Live Nation and TEG.

This consolidation forces many independent promoters, artist managers, and ticketing companies out of the market.

Small venues and local festivals are struggling, and without more public support, local operators may be forced to sell.

Dr.Whiting suggests that the Australian government and ACCC could intervene, citing monopoly concerns as Live Nation's control grows, reducing choice for artists and consumers.