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IFPI: Big Money to Break Acts

THE HIGH COST OF BREAKING ACTS: Record labels around the world invest up to $5 billion a year in music talent and spend about $1 million to break acts, according to figures published in a report by trade org IFPI. Advances, recording, marketing and promotional costs are the biggest line items, commonly totalling six-figure sums. Other facts: There are more than 4,000 artists on major label rosters, 25% of them signed over the past year, with 30% of all revenues plowed back into marketing and 16% spent on A&R and R&D. The entire music sector, including radio, publishing, audio equipment and live revenue, is estimated to generate $160 billion annually, employing two million people. (3/9a)

STRINGER ON "THE ISSUES AND ACTIONS NEEDED"
Sony Music is all in. (5/31a)
"REAL AND CONSTRUCTIVE CHANGE": SIR LUCIAN SPEAKS OUT
UMG is all in. (5/31a)
RAPINO: SUPPORTING BLACK CULTURE, ANTI-RACISM
Live Nation is all in. (5/30a)
WMG ON COPING WITH THE MOMENT
Warner Music is all in. (5/30a)
ARTISTS MAKE THEIR VOICES HEARD
The stars are coming out. (5/31a)
SHORT WEEK
Enjoy being even more confused by the calendar.
BLACK MUSIC MONTH
Celebrating the music that fuels the biz.
INSTACART
Dammit, we said DILL pickles!.
TRUMP SAID WHAT, NOW?
Just wondering if you still give a fuck.
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