List of most expensive albums
Music albums which were expensive to record, produce, and promote
Sgt. Pepper's Lonely Hearts Club Band (1967)' s billboard for its 50th anniversary . An early example of an expensive album.
The following is a list of the most expensive albums made with a recorded sum of over $1 million, sorted by the most money spent in promotional campaigns and album covers . The recording process traditionally requires an investment in studio time and skilled record production labor, and the process can be expensive.[ 1]
In the late 1950s, the cost of producing pop albums ran from $3,000 to $7,000.[ 2] The average cost of producing an album climbed to $15,000 in the 1960s.[ 3] Early examples of record-breaking expensive albums include Sgt. Pepper's Lonely Hearts Club Band (1967) with a reported sum of £25,000,[ 4] [ a] alongside Tommy (1969) and Pet Sounds (1966) each with a cost of $70,000,[ 6] [ 7] as well as unfinished album Smile whose single "Good Vibrations " (1966) alone had a budget between $50,000 and $75,000,[ b] more than most entire albums cost in those days.[ 9] Multiple albums were budgeted with a cost between $350,000 and $500,000 by late 1970s,[ 10] whereas popular rock albums had an average of $100,000 and as high as $500,000 by the midpoint of the decade.[ 11] [ c] Some albums were produced on a $1 million budget by 1981.[ 10] 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] Some artist's sponsorships covered the cost of producing the album, most notoriously Mariah Carey between the Bahamas Board of Tourism with her album Memoirs of an Imperfect Angel (2009).[ 15] [ 16]
The first album to cost over $1 million is believed to be Tusk (1979) by Fleetwood Mac .[ 17] Chinese Democracy (2008) by Guns N' Roses , once included as the most expensive record in the Guinness World Records , probably cost over $1 million per year during its recording sessions from 1998 to 2006.[ 18] With a cost between $30 and $40 million, Michael Jackson's Invincible (2001) remains the most expensive album ever produced.[ 19] [ 20] [ 21] Both Michael Jackson and Kanye West have multiple appearances, with at least four each.
List of albums by recorded costs
One of several 30-foot statues placed around Europe to promote the HIStory World Tour —the accompanying tour for Michael Jackson ' s HIStory (1995).
Overview
Michael Jackson 's HIStory (1995) has the most extensive marketing campaign in popular music history,[ 70] spent by a record label . Up to that point, a label might spent an average of $2 million in promotional campaigns for artists such as the Rolling Stones , Aerosmith and Madonna , per release.[ 24] The lattermost, had the biggest Warner Records promotional campaign for an album up to the release of Like a Prayer (1989) with $2 million.[ 71] In contrast, according to Hank Bordowitz in Dirty Little Secrets of the Record Business (2007), mounting a successful promotional campaign for radio stations can cost between $250,000 and $1 million per song.[ 72]
Examples of associated campaigns outside record label's efforts include Born This Way (2011) by Lady Gaga , with a reported sum of $3 million provided by Amazon ,[ 73] and Rihanna 's sponsorship with Samsung for $25 million which covered the release of her album Anti (2016) and its tour .[ 74]
List of album covers/packaging by cost
This is a list of record-breaking historical expensive album covers or CD packaging .
Notes
^ Also cited with a cost at $100,000.[ 5]
^ Also cited with a cost at $25,000.[ 8]
^ By this point, Queen 's A Night at the Opera (1975) began to be advertised as "the most expensive album ever made",[ 12] although the estimated cost was only £40,000 and such a label was later denied by the band.[ 13]
^ a b Other sources give a total cost of $65 million.[ 22] Most likely divided in the reported budget of $30–40 million and $25 million for promotional purposes.
^ a b Overall cost was at $20 million, which includes promotion and recording.[ 32]
^ Recording the album alone only cost $700,000.[ 34]
^ Another sum cited has been $800,000.
^ Another sum cited has been $750,000.[ 57] Then most expensive country album ever made.[ 58]
^ Also cited with a cost at £3,000.[ 77]
See also
References
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