*Out of context? We've discussed current industry conditions on this forum so many times that I found it unnecessary to keep toggling back and forth between then and now in my post. Also, it was late.OK, I'll play, too.
Your points are popular but most are utterly out of context. People at that time made a lot of their own entertainment and live shows by paid musicians were special occasions, not the weekly or daily fare we're now accustomed to. The recording industry then worked nothing like it does today so comparison is not really doable.
e.g.
While the price of a concert ticket was [numerically] low compared to now, so was our take home pay so "cheap" doesn't apply. You should judge ticket prices as a multiple of take home pay, i.e. how many hours do you work to buy that ticket? Illustration: in 1967 ticket tiers that year were $4.50, $3.50 and $2.50, which was up a dollar from the year before. (In 1968 they went up another dollar.) We in the grocery store had to work just under four hours to buy a $4.50 concert ticket, assuming the price included tax and fees, which it normally did back then. How many hours do we work today to buy that same tenth row ticket?
e.g.
"Lavish" is a word not associated with record company support of any rock act in the 60s and 70s. All of the "massive promotions and huge recording budgets" was only for already-successful bands and it was paid for out of record sales so overspending came out of the bands' share before it was doled out to them. It's an advance against sales.
*"The recording industry then worked nothing like it does today"--well yes, that's really the point of my post as well as many others' responses to the OP, who is outright making a comparison between then and now.
*Ticket prices have gone up well past the pace of inflation, IMO, and I've done the math before. Let's do it now. You say folks had to work four hours back then to get a ticket to a top-tier show. Minimum wage is $7.25 federally now, but (going down by population in the 10 biggest states) it's $11 in CA, $7.25 in TX, $8.25 in FL, $10.40 in NY, $7.25 in PA, $8.25 in IL, $7.25 in OH, $7.25 in GA, $7.25 in NC, and $9.25 in MI. Let's call it $9 on average. Four hours gets you $36. You need at least twice that just to get the highest, very back row seat in a top-tier arena show now. So yes, they are much more expensive now.
*I'll stick with the word "lavish". If indeed the money was always paid out of record sales, then that's a fair point. But record companies aren't putting much money up in advance for as many artists now, IMO. Steely Dan is a good example--while they ultimately sold a ton of records, they weren't megastars at the time they recorded Aja (where the recording process is widely documented to have been long and quite expensive). At that time, they'd had three singles in the top 11 (Do It Again, Rikki Don't Lose That Number, Reelin' in the Years) spread over five albums; one other barely cracked the top 40. Today, that doesn't get you the support that only a select few now get.
