Average Ticket Prices
Barenaked Ladies $39.93      O.A.R. $38.89      Kansas $56.24      Steely Dan $68.68      Beach House $32.26      Cirque du Soleil - "Ovo" $64.46      Newsboys $26.13      Matt Nathanson $35.32      Kari Jobe $27.11      Rihanna $89.93      Robert Earl Keen $50.67      Jerry Seinfeld $95.19      Kip Moore $32.27      Ellie Goulding $43.90      Maxwell $81.46      Inter Arma $10.16      Whitechapel $22.11      Greensky Bluegrass $28.97      "Bring It! Live" $40.11      Tori Kelly $30.41      Tony Bennett $80.40      Theresa Caputo $63.41      Needtobreathe $35.04      Widespread Panic $50.60      Harry Connick Jr. $81.54      Rittz $22.57      Rusted Root $29.36      Porter Robinson $36.36      Ben Harper & The Innocent Criminals $51.84      Luke Bryan $59.02      Dawes $28.03      Yelawolf $25.75      "Riverdance" $59.70      J.J. Grey & Mofro $32.35      The Piano Guys $59.26      Bob Dylan $81.03      David Bazan $16.43      Meghan Trainor $42.81      Kris Allen $20.79      Julion Alvarez $80.70      "Monster Energy Outbreak Tour" $32.03      Breaking Benjamin $34.38      Gwen Stefani $51.20      "Weird Al" Yankovic $47.03      Lyle Lovett $57.76      Gary Clark Jr. $39.45      Big Wreck $26.40      Justin Bieber $98.08      "Carnival Of Madness" $32.26      The Head And The Heart $39.41      
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.

Comments