Business
Australian Tech Leaders Launch Bid to Revive SXSW in Brisbane Ahead of 2032 Olympics
Sydney, Australia — More than 100 Australian technology companies have launched a coordinated campaign to bring the renowned South by Southwest (SXSW) festival back to the country, potentially relocating it to Brisbane as part of preparations for the 2032 Olympic and Paralympic Games.
The push, reported by Michael West Media on February 3, comes less than a month after organizers announced in mid-January that SXSW Sydney would not proceed in 2026, ending a three-year run in the New South Wales capital that generated an estimated A$276 million in cumulative economic impact but ultimately proved unsustainable amid changing market conditions and the withdrawal of government funding.
Representatives from startups, scale-ups, and established tech firms are urging state and federal governments to support a renewed bid for the global conference, which blends music, film, interactive media, and technology innovation. Proponents argue that hosting SXSW in Brisbane could supercharge the local ecosystem, attract international investment, showcase Australian creativity on a world stage, and align with the city’s Olympic ambitions to position Queensland as a hub for emerging technologies.
The campaign highlights SXSW’s previous success in Sydney, where attendance grew to more than 345,000 across its final edition in 2025—a 15% year-on-year increase—despite broader challenges in the live events sector. Organizers cited “prevailing market conditions” and difficulties in securing ongoing support from the NSW Government and partners like Destination NSW as key factors in the cancellation. The event, which ran from 2023 to 2025 under a licensing agreement with SXSW LLC and local operator TEG, had been backed by multimillion-dollar public investments, including franchise fees and grants.
Industry voices expressed disappointment at the Sydney edition’s end but see opportunity in a fresh start elsewhere. “SXSW brought global attention to Australian innovation and helped build networks that extended far beyond the event itself,” said one tech executive involved in the campaign, speaking on condition of anonymity. “Relocating to Brisbane ahead of the Olympics would create momentum for our sector at a critical time, especially as we compete with rising hubs in Asia and the United States.”
Brisbane’s bid gains traction from its selection as host of the 2032 Games, awarded unopposed by the International Olympic Committee in 2021. The decade-long runway to the event includes plans to enhance digital infrastructure, foster innovation districts, and promote Queensland as a smart, sustainable city. Campaign supporters argue that SXSW could serve as a high-profile precursor, drawing tech talent, investors, and media in the lead-up to 2032 while leveraging existing venues like the Brisbane Convention & Exhibition Centre.
The original SXSW launched in Austin, Texas, in 1987 as a music festival before expanding into film and interactive tracks, becoming a premier platform for showcasing startups, emerging artists, and cutting-edge ideas. Its Sydney spin-off debuted in October 2023, filling the ICC Sydney and Darling Harbour venues with panels, showcases, and performances. Despite positive attendee feedback and growing numbers, critics noted high costs, competition from events like BIGSOUND in Brisbane, and economic pressures on the live sector post-pandemic.
The new campaign calls for governments to explore partnerships with SXSW LLC and Penske Media Corporation, the global rights holder, to secure a future edition. It emphasizes potential benefits including job creation in tech and creative industries, boosted tourism, and enhanced international branding for Australian innovation. Queensland’s government has yet to comment publicly on the proposal, but sources indicate early discussions could involve Destination Brisbane and Olympic legacy planning.
Tech leaders point to the event’s role in global networking as particularly valuable amid Australia’s push to compete in AI, quantum computing, and clean tech. “Events like SXSW don’t just bring crowds—they create ecosystems,” said a spokesperson for the campaign group. “With the Olympics on the horizon, Brisbane is the logical next home to keep that energy alive.”
The cancellation of SXSW Sydney sparked mixed reactions. Some industry figures called it a “complete waste” of taxpayer funds, citing over A$12 million in public support, while others lamented the loss of a platform that elevated Australian voices on the world stage. Attendance and economic figures from the final years suggest the event had built momentum, but commercial realities for operators prevailed.
If successful, a Brisbane edition could debut as early as 2027 or align closer to the 2032 Games, potentially integrating with Olympic cultural programming. The campaign urges swift action to maintain Australia’s place in the global tech calendar.
SXSW remains committed to its flagship Austin event, set for March 2026, but has not ruled out future international expansions. For now, Australian tech advocates are rallying support to ensure the conference’s innovative spirit returns Down Under.
Business
Form 144 TFS FINANCIAL CORPORATION For: 4 February

Form 144 TFS FINANCIAL CORPORATION For: 4 February
Business
Perdaman progresses 50MW solar farm near Karratha
A Perdaman-backed solar farm looks set to become the foundation tenant of a traditional owner-backed green energy park near Karratha.
Business
Vacant Perth lot earmarked for office, dwellings in $10m plan
A vacant strip of land in Northbridge has been earmarked for an eight-storey office and apartment building.
Skypacts Property Resources has submitted a $10 million plan to build a mixed-use development on 441 William Street.
The 508-square metre lot, currently an unoccupied infill site, sits next to the Perth Mosque and is bound by William Street and Brisbane Place.
According to Skypacts’ application filed with the City of Vincent, the proposed development comprises offices and associated parking from the first to the fourth floor, and nine apartments across the upper levels.
Lateral Planning, on behalf of Skypacts, said the project would be a high-quality development on an underutilised infill site.
“Overall, the proposed development will not detract from the amenity of the area rather, it will significantly enhance it,” the application said.
“It represents a positive, forward-looking contribution to the locality, by supporting strategic planning goals, and promoting sustainable urban growth.”
RP data shows Skypacts bought the site for about $2.5 million in 2022.
Skypacts Property Resources is owned by Kian Kiong Lee and has a registered address in Nedlands, according to an Australian Securities and Investments Commission document.
About 600 metres away, another vacant Northbridge lot was flagged for development.
A 480-square metre site at 195 Beaufort Street, next to the Ellington Jazz Club, has been vacant for about 20 years.
In May 2024, a development assessment panel approved a $2.4 million proposal to build a four-storey apartment and retail project on the site.
However, the site, with the attached development application approval, was recently listed on the market.
Business
Ford and Geely in talks for manufacturing, technology partnership, sources say

Ford and Geely in talks for manufacturing, technology partnership, sources say
Business
Analysis: Fiscal realities rein in US’s aggressive Nordic ambitions
ANALYSIS: The negative response of financial markets dissuaded the US president from pursuing his designs on Greenland.
Business
Pinterest sacks engineers for tracking layoffs
The social media platform announced last week that it was laying off around 15% of its workforce.
Business
Brokerages May Start Charging ETF Issuers Distribution Fees, Says J.P. Morgan
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
Business
Analysis-Ultra-low bond spread unity still out of reach for euro area

Analysis-Ultra-low bond spread unity still out of reach for euro area
Business
Opinion: Net downside in fishing bans
OPINION: The state government may have hooked itself with what looked like an easy political decision.
Business
Airbnb: Hotel Expansion Is Promising, But The Valuation Leaves Little Room For Error
Airbnb: Hotel Expansion Is Promising, But The Valuation Leaves Little Room For Error
-
Crypto World5 days agoSmart energy pays enters the US market, targeting scalable financial infrastructure
-
Crypto World5 days ago
Software stocks enter bear market on AI disruption fear with ServiceNow plunging 10%
-
Politics5 days agoWhy is the NHS registering babies as ‘theybies’?
-
Crypto World5 days agoAdam Back says Liquid BTC is collateralized after dashboard problem
-
Video1 day agoWhen Money Enters #motivation #mindset #selfimprovement
-
NewsBeat5 days agoDonald Trump Criticises Keir Starmer Over China Discussions
-
Crypto World4 days agoU.S. government enters partial shutdown, here’s how it impacts bitcoin and ether
-
Politics2 days agoSky News Presenter Criticises Lord Mandelson As Greedy And Duplicitous
-
Sports3 days agoSinner battles Australian Open heat to enter last 16, injured Osaka pulls out
-
Fashion4 days agoWeekend Open Thread – Corporette.com
-
Crypto World3 days agoBitcoin Drops Below $80K, But New Buyers are Entering the Market
-
Crypto World2 days agoMarket Analysis: GBP/USD Retreats From Highs As EUR/GBP Enters Holding Pattern
-
Crypto World4 days agoKuCoin CEO on MiCA, Europe entering new era of compliance
-
Business4 days ago
Entergy declares quarterly dividend of $0.64 per share
-
Sports2 days agoShannon Birchard enters Canadian curling history with sixth Scotties title
-
NewsBeat23 hours agoUS-brokered Russia-Ukraine talks are resuming this week
-
NewsBeat2 days agoGAME to close all standalone stores in the UK after it enters administration
-
Crypto World8 hours agoRussia’s Largest Bitcoin Miner BitRiver Enters Bankruptcy Proceedings: Report
-
Crypto World5 days agoWhy AI Agents Will Replace DeFi Dashboards
-
Tech4 days agoVery first Apple check & early Apple-1 motherboard sold for $5 million combined
