The huge dip in spending is revealed in figures compiled by ESP Marketing, a company providing TV media analysis specialising in music. It amounts to a £20m fall-back in money paid out by labels across the year, while spending was just half the level it was in 2008.
All four major record companies recorded double-digit falls in their spending with Universal's dropping 29.5% to £14.2m, Sony's down 37.8% to £8.3m, Warner's falling 46.0% to £5.8m and EMI 19.6% lower at ...
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