Once a band has been signed, the record company will typically advance each member pounds 30,000 on their first album; that, together with a kitty of pounds 100,000 for recording costs, means that a fledgling foursome could be working with a budget of around pounds 250,000. It could, of course, all be an expensive flop, but below are some of the start-up costs for the first year:
Hey, child Start-up recruitment advert for three weeks in The Stage, pounds 270; hire of venues for a week of auditions, pounds 1,000.
Shooting star Hire of a studio for five weeks of recording, pounds 10,000; clothes budget for four-man band for its first singles, pounds 12,000; a year's weekly pay for band aged under 20, pounds 20,000.
Everything changes Services from professionals to launch the band and first singles: photographer, pounds 500 per day, pounds 12,000; stylist working with band at daily rate of pounds 400, pounds 20,000; personal make-up and hair stylist, daily rate, pounds 250, pounds 12,500; preliminary dance training from a choreographer, pounds 3,000 per week, pounds 9,000; services of a wily lawyer to write record contract and advise, pounds 15,000; commission to graphics company to design album concept, pounds 20,000; salary for promotions manager, pounds 30,000; services of a regional promotions company, pounds 25,000.
Working my way back to you Tour to plug singles, pounds 1,200 per day, pounds 12,000; living expenses for first tour, pounds 700 per day, pounds 14,000.
Take that and party Week-long detox session at rehab clinic after excessive partying, pounds 4,000.
Total pounds 216,770
Sources: Tom Watkins of Massive Management; Backlash Management; The Stapleford CentreReuse content