This study provides survey evidence concerning how COVID-19 has impacted Australian musicians. Between June and July 2020, we surveyed 203 musicians about the effects of the pandemic on their employment and income. Using a Seemingly Unrelated Regression (SUR) model, we investigate sentiment concerning future employment and income opportunities. We find evidence that this sentiment correlates most strongly with general sentiment about industry demand returning post COVID-19. We find no evidence that short-term income support makes a difference to sentiment about future opportunities. Similarly, we find no evidence that pivoting towards online media strategies has improved such sentiment. In addition to recent supply-side policies, our results suggest demand-side policies can play an important role in the medium to long term by ensuring musicians do not leave the industry.