More than 31,000 new album titles (including re-issues) was released in the UK last year, second only to the US - which demonstrates the commitment to investment from the UK record companies.
UK record companies invest 17% of turnover in A&R. DTI data shows that other industries with traditions oh heavy R&D expenditure such as pharmaceuticals actually spend a smaller proportion of revenues on developing new products than the UK record industry invests in the development of new artists.
British artists accounted for 49.4% of artist albums sold in the UK in 2005 - the highest annual amount total since 1998. this represented sales of 62m units - the highest ever total in a single year by british musicians.
UK record companies invest 17% of turnover in A&R. DTI data shows that other industries with traditions oh heavy R&D expenditure such as pharmaceuticals actually spend a smaller proportion of revenues on developing new products than the UK record industry invests in the development of new artists.
British artists accounted for 49.4% of artist albums sold in the UK in 2005 - the highest annual amount total since 1998. this represented sales of 62m units - the highest ever total in a single year by british musicians.
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