This report provides a comprehensive analysis of the Strawberry Fields Music Event, a popular music festival held in Australia. It begins with an introduction, background, and the current format of the event, which includes pre-event, event, and post-event phases. The report then delves into the positive and negative impacts of the festival, such as economic benefits, cultural exchange, and potential challenges related to management and cultural barriers. It also discusses changes that have taken place over the years, followed by recommendations and a conclusion. The report highlights the festival's significance in promoting young talent, economic growth, and tourism while acknowledging potential drawbacks related to stakeholder management and cultural differences. This detailed overview is valuable for understanding the event's multifaceted influence.