indie rock band economics
A recent alternative press article discusses the dismal economics of independent rock bands. As you can imagine, it’s bad:
In an interesting display of transparency, indie musical duo Pomplamoose wrote a detailed article, describing what it took financially to go on a 28-day tour.
To sum it up, the band made $135,983 in revenue and incurred $147,802 in expenses. So they lost $11,819. Ouch.
The economic issue is that bands have high costs and small audiences. But if you want a real chance at success, you’ll almost certainly need to expand the audience. So tours for starting bands are a form of investment. Additionally, there’s consumption. In the bigger scheme of life, a few thousand bucks is a small price to pay to be a rock god for a while.