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Monday, Mar 22, 2010
by PopMatters Staff
by Mi2N
MusicDish (10 March 2010)

“Record companies, large and small, invest around US$5 billion a year in music talent, support a global roster of thousands of artists and typically spend US$1 million to break successful pop acts in major markets.


The figures are published in a new report issued highlighting the work of major and independent record companies as the principal investors in artists’ careers. Advances, recording, marketing and promotional costs are the biggest items of record company spending on artists, commonly totalling six figure sums.”


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