The Australian Festival Market Instability refers to the recent decline and cancellation of numerous music festivals across Australia. This phenomenon is driven by a confluence of factors, including escalating operational costs, reduced ticket sales attributed to the cost-of-living crisis¹, and heightened competition within the industry. Some analyses suggest a 'market failure' due to an oversaturation of festivals, suboptimal programming, and diminished consumer confidence². A parliamentary inquiry is currently examining the challenges faced by the live music sector³.