By Bobby Owsinski on Music 3.0 Blog The latest IFPI (International Federation of the Phonograph Industry - boy, is that name outdated) recently came out with a report about the state of the music industry and a few of the elements that were analyzed included how much the major labels spent on developing new acts. Here are some interesting figures. The cost of breaking an act is between $500k and $1 million. The typical advance averages between $50k and $350k Typical album recording costs are between $150k and $500k. The typical video production goes from between $50k to $300k. Tour...

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