
State supports and tax credits required to help struggling Irish musicians, says Imro
Irish Music Rights Organisation (Imro)
has said.
Research published by the body on Tuesday revealed that the music industry is worth €1 billion to the Republic's economy annually, supporting more than 13,400 jobs.
Based on a nationally representative survey of 1,000 people and a survey of Imro members, the report found that Irish adults spent an average of €757 on music events last year, including festivals and individual concerts.
Music fans spent an average of €298 on concerts in high-capacity venues last year and €194 on festivals, Imro said.
READ MORE
However, two-thirds of survey respondents said the high and growing price of concert tickets is a barrier to gig-going, while almost half cited the accommodation costs as an issue.
'At the heart of this report is a clear truth: Irish people don't just enjoy music – they live it. From packed festival fields to quiet moments with a favourite playlist, music is embedded in our daily lives,' said Imro chairwoman Eleanor McEvoy.
'This heartfelt connection is at the core of our vibrant music culture, but people working in the sector need more than passion to thrive.
According to the research, more than 13,400 people are employed in the music industry here, yet just 43 per cent of Imro members surveyed said they had full-time jobs in the sector.
Almost 70 per cent said they are reliant on employment in other sectors of the economy to sustain their careers, 'reflecting a widespread dependency on external income sources', the report's authors said.
Against this backdrop of financial precarity, Imro said the uneven distribution of streaming income, which means artists and songwriters receive a disproportionately lower share of the revenue relative to the streaming platforms, means mean musicians are struggling to earn sustainable incomes.
The body said the Government should look to apply some of the financial strategies that have helped the Irish film industry grow and develop, such as the Section 481 tax credit, to alleviate the financial burden on musicians.
The Republic's music industry could also benefit from State intervention at the level of marketing, Imro said, citing the example of the popularity of K-pop and the South Korean government's efforts to export it to a global audience.
Imro also wants the Government to put the Basic Income for the Arts, a pilot version of which was unveiled in 2022 and runs until the end of this year, on a permanent footing.
Ms McEvoy said musicians must be fairly compensated in the streaming economy and protected from 'emerging risks' like artificial intelligence.
'The recommendations outlined here are not just aspirational, they are essential steps toward a sustainable and equitable future for Irish music, and we look forward to working closely with the Government and the Oireachtas committees to further these recommendations,' she said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Irish Times
3 minutes ago
- Irish Times
The future of pocket money? NestiFi lets families invest together for kids
Traditional banking has – eventually – adopted innovations such as digital-only accounts and smartphone payments. However, some elements of the financial infrastructure are still firmly stuck in the past, as anyone who has tried to gift money to a child in forms other than cash or vouchers will have discovered. Having run across this problem himself, Niall Dennehy began mulling over a possible solution. He applied his background in banking, telecoms and digital payments, and in June this year launched NestiFi, an AI -powered investment platform allowing parents, grandparents, relatives and friends to invest in a child's future as a group. To start the process, a designated adult downloads the free app and sets up an account for the child. This provides access to a personalised link they can share with family and friends who want to contribute to the child's nest egg. The person overseeing the account then chooses from a range of low-fee index funds and invests the money. Performance expectations are based on a 7.2 per cent average annual return, which Dennehy says is the approximate historical average (adjusted for inflation) of the S&P 500 over the past 30 years. NestiFi does not need a banking licence as it does not hold any client money. Investments are made through licensed/regulated intermediaries such as brokers, credit unions and brokerage-as-a-service providers. 'NestiFi rethinks investing through the lens of family and collaboration,' he says, adding that it is designed to support families in several different ways, whether that's to save for college fees, give gifts of digital assets or introduce children to the concept of financial literacy. [ Ireland 'actively hindering its citizens from building wealth and securing their future' Opens in new window ] 'The platform supports traditional investments such as stocks and ETFs as well as blockchain-powered assets like stablecoins and tokenised real-world assets,' Dennehy says. 'Our AI adviser 'Sebastian' provides personalised financial guidance for each user, and children can earn rewards by completing interactive lessons. For example, if they spend X number of hours learning on the app, they'll get a voucher for the same amount of time for Disney Plus.' NestiFi is not Dennehy's first innovation rodeo. A graduate of the University of Galway, where he studied IT, Dennehy has been involved with multiple start-ups as founder/co-founder, including digital payments infrastructure company, Aid:Tech, which was the overall winner of The Irish Times Innovation Awards in 2018. NestiFi is his latest venture, and the company currently employs four people. 'I've spent the last decade building technology at the intersection of trust, transparency and financial inclusion, and it struck me that families have no modern tools with which to build wealth together because most investment apps are built for individuals, not families,' Dennehy says. 'I felt the time had come to replace siloed banking apps and old-school custodial accounts with a next-gen platform that would bring together traditional investing, blockchain assets and family-based financial literacy in one seamless experience,' he adds. Dennehy says the company's initial target market will be the US, where an $84 trillion (€75.5 trillion) intergenerational wealth transfer is already under way. Europe will follow, including Ireland, where Dennehy says a substantial wealth transfer will also take place over the next 20 years. Families are a key market for NestiFi, but so are credit unions, financial advisers, financial institutions and fintechs interested in offering NestiFi as a value-added service to their clients. Investment in the business to date is running at about €250,000, and the company is currently raising a seed round of €1.5 million. A private beta launch is slated for the third quarter, with a full roll-out in the US to follow later this year. NestiFi's revenue will come from transaction fees and signing up channel partners. NestiFi is taking part in the AI Ecosystem Accelerator Programme run jointly by NovaUCD and CeADAR – Ireland's centre for AI – while completing regulatory compliance in the US and guiding a pilot group of families through a test run of the app. 'The Tam (total addressable market) is huge, and while we face competition, I think we can differentiate ourselves through the ease of our user interface and the fact that this side of the market is underserved by technology,' Dennehy says. The biggest challenge Dennehy has faced in setting up NestiFi has been navigating regulatory complexity while trying to move fast. 'We're building something that touches custody, tokenised assets and AI, all in a space where compliance really matters, especially when kids and families are involved. Trying to innovate responsibly without getting stuck in red tape has been the real balancing act,' he says. As a serial entrepreneur, Dennehy knows his way around the start-up ecosystem. However, he says that clearer guidance and faster turnaround times within the grants system would make a massive difference to how fast a company can develop. 'Often, the paperwork is intense, and the decision timelines are too slow. If there were more founder-first grant supports with less admin and more mentorship built in, I think we'd see even more global-scale companies emerge from Ireland,' he says. 'Too often, start-ups are forced to chase funding instead of focusing on customers and product. There is a lot of goodwill and some excellent people in the ecosystem, but I think there's still a gap between ambition and execution. [ Google, CeADAR to partner on deal to support AI in Irish business Opens in new window ] 'What I'd truly love to see would be a founder-led innovation hub, something agile with fast access to capital, technical expertise, and hands-on support for international expansion. We need to move away from treating grants as red-tape-heavy lifelines and instead use them as strategic fuel to help early-stage teams build, test and scale faster,' Dennehy says. Are you aware of a recent innovation or innovator we should feature in this column? Email us at innovation@


Irish Times
3 minutes ago
- Irish Times
Corporation tax take defies tariff fears even as Apple bows to Trump
Corporation taxes jumped fourfold in July compared to the same month last year even as the Government grows increasingly concerned about the multinational companies driving those revenues. Meanwhile, writes Eoin Burke-Kennedy, VAT receipts proved more modest than expected raising concerns about consumer spending. Apple agreed to spend another $100 billion on expanding its US manufacturing footprint as US President Donald Trump said he would impose a 100 per cent tariff on imports that include semiconductors, though would exempt companies moving production back to the United States. It comes as the 15 per cent tariff on US imports from the European Union kick in today. Meanwhile, as President Trump returns to the notion of supertariffs of the pharma sector, Eoin Burke-Kennedy examines what the latest pharma threats mean for Ireland? The future of accessories retailer Claire's is uncertain after the parent of the 20 Irish stores filed again for bankruptcy protection in the US. Conor Pope writes that restructuring firm Interpath which was tasked with finding a buyer for the European operation struggled to find a financial backer. READ MORE Sticking with retail, Hammerson's Irish boss, Connor Owens , who is credited with revitalising the group's Irish operations, has been headhunted by the new US owners of the Blanchardstown Centre to run its business here. Barry O'Halloran reports. A factory worker whose employer forced him to retire at 65 despite his contract having no such stipulation has been awarded €18,000 by the Labour Court. The Irish are buying back into foreign holidays as Central Bank data shows that credit and debit card users spent more on hotels abroad than in Ireland in June for the first time since 2022. Ian Curran has the details. Tourism Ireland spent over €2.4 million on a campaign to attract environmentally conscious visitors who were looking for a 'slower paced, more immersive holiday' and, according to early data it has been a success. Ken Foxe reports. In her Net Results column, Ciara O'Brien looks at the belated rise of femtech , noting that there is clearly money to be made catering to a group that comprises 51 per cent of the population and 48 per cent of the workforce. Meanwhile, Emmet Ryan looks at Big Tech's focus on partnering with major sporting events and wonders whether it will transform how we watch sports? Conscious of the limitations of Ireland's online banking offering, Niall Dennehy applied his background in banking, telecoms and digital payments to develop NestFi , an app that allows an extended family and friends invest in the future of a child. Finally, in our Inside Business podcast this week, host Ciarán Hancock talks to Siobhán Maguire about Revenue's recent wake-up call to influencers about how those freebies on which they build their brand are, in fact, taxable. If you'd like to read more about the issues that affect your finances try signing up to On the Money , the weekly newsletter from our personal finance team, which will be issued every Friday to Irish Times subscribers.


Irish Examiner
32 minutes ago
- Irish Examiner
Now Tipperary skipper Ronan Maher will visualise 2026 target
A couple of days after the All-Ireland hurling final, the job finally completed, Ronan Maher took out his phone and changed the screensaver. "I changed it back to a picture of the girlfriend," smiled Tipperary's All-Ireland winning captain. A picture of the 'wall of fame' at the entrance to the Thurles Sarsfields club, next to Semple Stadium, had been his screensaver. The club honoured all eight of its All-Ireland winning captains by putting their pictures on plaques and mounting them on the wall outside the clubhouse. And when Maher was first handed the Tipp captaincy, at the start of 2024, he put himself in a position to potentially join them. It was Tipperary's performance coach, Cathal Sheridan, that really got him thinking about that as a lofty but achievable goal, urging him to chase the dream. So defender Maher took out his phone and changed the screensaver to a picture of the wall with a blank space at the end and an arrow pointing to it, where his own image would go. Beneath the picture, he had some motivational words. "That's one of the skills that Cathal Sheridan had," said Maher at the launch of Aviva Insurance's partnership with Clubber TV. "When I met him in 2024, he asked me what my visualisation was for the year and it was to get my picture up and he asked me what my visualisation was as captain and it was to walk up the Hogan Stand and lift the Liam MacCarthy. "But it was also to have my picture up on the Thurles Sarsfields wall with the rest of the legends, and to walk into the clubhouse with the Liam MacCarthy, with all my family and friends there, and that was exactly what happened on the Monday night, the centre was packed out, and everybody from Thurles and outside of Thurles was there. It was just a dream come true." They worked quickly and had a plaque with Maher's image on it in place for the evening. "It was a temporary job," explained Maher, who posed for pictures beneath the plaque with big brother and former Tipp captain Padraic. "They're redoing the whole thing there at the minute. It'll be really nice when it's done. Not many people outside the club probably recognised that it was a thing there, people probably didn't know it was there, so they're redoing it all now. The whole clubhouse has actually been painted and they're painting all the signs, so it'll be really cool to be walking into training and to see it." Jim Stapleton was the club's very first All-Ireland winning captain, from 1887. Denis Maher, Ronan's great grandfather, had been team skipper until the final but a dispute over travelling expenses prompted him to stand down. In 1945, John Maher, Ronan's grand-uncle, made history as the oldest man to lead Tipp to All-Ireland success, at 37. "I always thought that Padraic should have been going up on the wall in '17 and '18," said Ronan of his sibling, whose career was eventually cut short by injury. "That hits home as well, and it's one thing you do think about. You realise you're so lucky to be going up there. He was one of our best leaders ever to wear a Tipp jersey and in '17 and '18 we thought we'd be getting him up on the wall but unfortunately we didn't. "That just makes it more special I suppose, and the achievement that it is. It'll take a while before it hits home. I'm born and raised in Thurles and I'll be there for the rest of my life, so it'll be nice to look at down the line." Visualisation has been a big part of Maher's preparations for several years. Ahead of last month's final against Cork, for example, he looked back on clips from the successful season of 2019, when he'd marked Kilkenny's Colin Fennelly and Wexford's Conor McDonald, recalled what had worked well for him and resolved to make it happen all over again. "I suppose you were trying to visualise that and trying to act on it and then, in the game, make it come to life," said Maher, who was named Man of the Match for his terrific man-marking job on Cork's Brian Hayes. Maher will shortly set himself fresh targets for 2026, imagine them coming to life and then attempt to bring it all to reality. Tipp hasn't retained an All-Ireland title since the mid 1960s, when Sars man Doyle was captain, so that's an obvious target? "You can have that in the back of your mind," nodded Maher. "But you have to strip it back to the small goals and that'll all start when we sit down together. We'll go after all those things again."