Average Ticket Prices
Rain - A Tribute To The Beatles $47.92      Attila $16.67      Amy Schumer $43.36      Toby Keith $41.10      Cirque du Soleil - "Varekai" $65.45      The Black Keys $59.35      Dale Earnhardt Jr. Jr. $14.27      Theory Of A Deadman $22.43      Pat Metheny Unity Group $61.32      Keith Urban $46.30      Santana $88.20      Heart $55.91      Third Day $26.04      Switchfoot $22.95      Keb' Mo' $41.86      Trampled By Turtles $26.91      Skrillex $43.46      Southern Soul Assembly $31.76      James Taylor $72.08      Dave Matthews Band $56.07      Kings Of Leon $53.73      O.A.R. $35.51      Nicki Bluhm & The Gramblers $19.33      OneRepublic $35.40      Steve Miller Band $58.49      Foreigner $40.91      Rising Appalachia $16.72      Lady Antebellum $53.83      Gala Of The Royal Horses $38.61      Dailey & Vincent $23.64      Clint Black $50.06      Bob Schneider $29.59      Ringo Starr & His All Starr Band $67.61      Rebelution $28.53      Sarah McLachlan $64.13      Coheed And Cambria $32.08      Matt Nathanson $37.71      Dropkick Murphys $31.18      Miley Cyrus $69.43      Minnesota $20.84      Circa Survive $22.96      Zoso - The Ultimate Led Zeppelin Experience $15.28      Boston $49.08      Noah Gundersen $14.39      John Legend $69.01      "DigiTour" $25.06      Mother Mother $28.71      The Ten Tenors $48.51      Jason Mraz $64.21      Dennis Miller $121.22      
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