More then 31,000 new album titles (including re-issues) were released in the UK last year, second only to the US- wich demonstrates the commitment to from the UK record companies.
Uk record compamies invest 17% of turnover in A&R. DTI data shows the other industries with traditions of heavy R&D expenditure such as pharmaceuticals actually spend a smaller proportions of revenue on developing new products then the UK record industry invests in the development of new artsists.
British artists accounter for 49.4% of artists albums sold in the UK un 2005- the highest annual total since 1998. This represented 62m units- the highest total single year by british musicians.
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