Average Ticket Prices
Keb' Mo' $49.47      Mumford & Sons $50.25      "A Night With Janis Joplin" $49.61      Classic Albums Live $24.99      Disturbed $34.22      "Hits Deep Tour" $28.13      Greensky Bluegrass $27.37      The Cave Singers $15.68      David Cross $35.15      Matisyahu $35.02      Culture Club $66.07      The Chainsmokers $35.90      The Cure $54.32      Paul Anka $78.23      The Avett Brothers $50.10      The Robert Cray Band $42.13      Lettuce $27.20      "DigiTour" $32.78      Kenny Chesney $75.80      Dave Rawlings Machine $34.15      Brett Dennen $26.07      "Taste Of Chaos" $31.20      Aaron Watson $16.96      Cyndi Lauper $67.37      Highly Suspect $15.81      Yanni $66.04      "Peppa Pig Live!" $42.08      Dr. Dog $27.28      The Neighbourhood $32.56      Frankie Moreno $27.54      Puscifer $47.41      Hippie Sabotage $17.50      Wye Oak $18.17      Kevin Gates $27.87      Chris Young $39.34      The Infamous Stringdusters $24.23      Bill Maher $66.79      The Milk Carton Kids $31.89      Bruce Springsteen & The E Street Band $125.34      Lucero $23.91      Colin Hay $39.02      Ben Folds $45.59      Rodney Carrington $47.76      Tedeschi Trucks Band $54.13      Casting Crowns $35.23      The Johnny Clegg Band $41.93      City and Colour $35.08      Ellie Goulding $43.90      Guns N' Roses $114.99      Escondido $11.33      
See all average ticket prices

$4.5B On Talent

12:01 PM Monday 11/19/12 | |

Record companies are spending $4.5 billion per year on developing talent, according to the latest IFPI “Investing in Music” report.

About $2.7 billion of it is spent on A&R, with the rest going to the various marketing campaigns needed to support new product.

The figure is about 3.6 percent down on what the labels were spending on A&R in 2008, but the trade value of the global industry has declined by 16 percent in the same period.

In terms of spending as a percentage of revenues, the A&R budget has actually increased by about 15 percent since 2008.

Comparisons based on the European Commission’s 2011 “EU Industrial R&D Investment Scoreboard” show music industry investment exceeds that of industries including software and computing (9.6 percent) and the pharmaceutical and biotech sector (15.3 percent).

“‘Investing in Music’ highlights a simple truth – that behind the highly visible world of artists who touch people’s lives there is a less-visible industry of enormous diversity, creativity and economic value,” said IFPI chief exec Frances Moore.

The costs of breaking an artist in a major market remains substantial at up to $1.4 million. The cost typically breaks down as payment of an advance ($200,000), recording costs ($200,000-$300,000), video production costs ($50,000-300,000), tour support ($100,000) and marketing and promotional costs ($200,000-$500,000).

“Investing in Music” was published by the IFPI Nov. 12 and represents the recording industry worldwide, in association with WIN, representing independent labels internationally.