Not trying to be rude, but do you know how opportunity cost works?He did say that. I remember.
I cry BS. There is no hall/studio expense (he owns it), no equipment expense (he owns everything). So he has to pay his employees, Shawn Murphy, and the musicians. There are other costs, maybe, but think about how much he is paying the musicians (you can get a quote), and how much time it takes to record (you can get an estimate by looking at the library size)
No way it costs 1M
months NOT booking sessions = that much money less.
if you normally make 30,000$ a month from booking fees, and you don't take any bookings for 4 months, that's 120,000$ "something you own" cost you.
when you book LSO for months when they could have been performing/tracking for much more - you're paying them opportunity cost.
and robg, many of these smaller companies also sample way less actual content, using a more or less budget/local orchestra - in a room that nobody really cares about(note that none of these particularly keep something from sounding good, but you're not paying for notoriety at all).
they are budget for a reason, and when you show me these companies booking the top of the line venues and charging next to nothing - let me know.