March 8, 1979

On this day in 1979, Rolling Stone Magazine reported that inflation had ballooned the cost of recording as well as promoting a major label LP to between $350,000 and $500,000 US.

In the present day major label acts are spending over 1 million per single.

Singer Rihanna’s album LOUD spent $200,000 on the writing camp alone.

March8 

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