Why Is Being In A Band So Tough? Unveiling The Economics of the Music Industry with Earshot

Have you ever wondered why concert ticket prices are so high? Or why a band might not come and tour in your area?

The simple answer is purely this... economics. But the specifics are so much more enlightening to the current state of the music industry.

Will from the rock band Earshot joins us on the Chord Progression Podcast for one of our favorite half hour episodes to date. On this episode, we expose the economics of being in a band today by:

• Revealing how bands use Spotify metrics and social media comments to know where they should play live, & the importance of speaking up when a band asks where they should tour.
• Showing how the cost of touring has essentially doubled from 2019 to 2023.
• Presenting data on how much it costs to write a song from writing, recording, producing, release, and promotion, & how it is much more than you are thinking.

You won't hear something this great anywhere else but the Chord Progression Podcast, so hit that subscribe button to become part of our community and not miss out on a a single episode!

Find Earshot Online:

Facebook: https://www.facebook.com/earshotband

Twitter: https://twitter.com/earshotband

Instagram: https://www.instagram.com/earshotband/

YouTube: https://www.youtube.com/user/earshottv

Website: https://www.earshotband.com

Spotify: https://open.spotify.com/artist/6eeYhqOX2cpsiHY6gVuvPA?si=OmSW59Q3SiOLEx-MsWv0jQ

Apple Music: https://music.apple.com/us/artist/earshot/152165

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Intro: (0:00)

Welcome Will of Earshot: (2:49)

Why Bands Use Social Media Comments & Spotify Metrics to Book Tours: (6:28)

The Cost of Touring, Exposed to the Fans: (9:03)

Ticket Prices Too High? Here is the Reason Why: (16:51)

Putting Out Songs Properly is Expensive Now: (17:35)

Creating Music Industry Transparency for Fans: (21:34)

Music Industry Has Always Been Data Driven: (27:28)

Follow Along with Earshot: (30:24)

Kevin's Final Thought; My Economic Mind LOVED this Episode: (33:06)

Like, Subscribe, Closing It Out: (36:05)