Thanks for your reply.
It costs us roughly £400 per month, including blog posts, server costs and we have an odesk hire who does about 10-15 hours per week researching and entering in shows.
I see what you mean about the £2 as lacking in value, it's all about perception.
Sadly outside the US so I don't think we can do kickstarter (don't know if there are any EU equivalents).
If we had money to burn we'd most likely revamp the site, focusing on mobile (more and more people are accessing us with Android/iPhone ad we both feel this is the way to go). We'd also like to do events for unsigned bands.
If money was truly no object, then yes, full page ads would be pretty cool, but I have no idea how we'd get roi on this.
One thing we've thought about (in conjunction with the localisation of a mobile site) would be very localised targeted advertising. But we're not marketing/ad people and have no idea even where to begin with this.
Is it even possible to get a sales person for commission only to do something like this?