Labels' Tour Support Slows, But Still a Big Factor
Record labels have historically invested significant financial resources toward new acts’ touring efforts, whether it be $20,000 for a regional van trek or $200,000 for a national bus outing. But in today’s world of shrinking revenue and tight budgets, tour support funds – though almost always recoupable against album sales – are becoming harder to come by. “There’s not as much money at any level, whether it’s signing bonuses, (recording) albums, tour support or anything else,” says Tim DuBois, senior partner of Nashville-based record label Universal South, home of such ascts as Pat Green and Joe Nichols. “But even in… Read more »