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Accountant John McClain gave an estimated cost of $2.5 million for a Michael Jackson record in 1987. [14] Nowadays, according to IFPI, production costs for popular albums are "generally budgeted for at least $200,000, and if much studio time is used, costs can soar well past $350,000". [1]
This article lists the most expensive music videos ever made, with costs of $500,000 or more, from those whose budgets have been disclosed. David Bowie's video for the 1980 single "Ashes to Ashes" was the first music video to exceed this sum.
In December 2023, Pollstar estimated that Taylor Swift's Eras Tour was the first tour to collect over $1 billion in revenue, [5] [6] although Coldplay's Music of the Spheres World Tour became the first to report $1 billion to official boxscore in August 2024. [7]
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The album-equivalent unit, or album equivalent, [1] is a measurement unit in music industry to define the consumption of music that equals the purchase of one album copy. [2] [3] This consumption includes streaming and song downloads in addition to traditional album sales. The album-equivalent unit was introduced in the mid-2010s as an answer ...
U2 is the highest-grossing live music act of the 2010s and the second highest of the 2000s. Madonna is the highest-grossing solo live music artist of the 2000s. Bruce Springsteen is the highest-grossing male solo live music artist of the 2000s. Ed Sheeran is the highest-grossing solo live music artist of the 2010s.
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The Style Council album The Cost of Loving was originally issued as two 12-inch EPs. It is more common for artists to release two 12-inch 45s rather than a single 12-inch LP. [citation needed] Though there are 11 songs that total about 40 minutes, enough for one LP, the songs are spread across two 12" 45 rpm discs.