Record labels defy recession to invest £2.8bn in new music

Tom Pakinkis

Record companies invested $4.5 billion (approx £2.8bn) in A&R and marketing during 2011, despite the global economic downturn. 

The figure, which represented 26% of all industry revenues, comes in a new IFPI report on the changing economic of the music business.

The investigation concludes that revenue invested solely into A&R in 2011 stood at $2.7 billion, only marginally down on 2008 (US$2.8 billion), despite an overall decline of 16% in the trade value of the industry globally over the same ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start free Trial

Register for a Music Week trial to access this article. Sign up today and you will receive:

  • 4 weeks access to news, features and chart analysis
  • 4 Digital issues of Music Week
  • The Music Week app
  • Tailored email news alerts
Start your free trial

Subscribe

If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...