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Record companies reinvest 16% of revenues in discovering new artists

By the numbers
October 16, 2013

This percentage, which represents $2.7 billion in expenditure worldwide, is particularly high, according to the International Federation of the Phonographic Industry (IFPI). 

In its study Investing in music (2012), the IFPI compares this revenue percentage to the amounts spent on research and development in other sectors. With 16% invested in “Artists & Repertoire” (A&R) activities, the music sector ranks first, ahead of the pharmaceutical and biotech (15.3%), software and IT (9.6%) and automotive (4.1%) sectors.


Find further information on music industry investments in the IFPI Investing in Music report.

Focus

Pascal Ory : those “foreigners who made France”

October 7, 2013

Pascal Ory is the driving force behind the Dictionnaire sur les étrangers qui ont fait la France – Dictionary of foreigners who made France in English – published by Editions Robert Laffont, available in bookshops starting from October 7, 2013. At a time when the debate over “national identity” continues to divide the political community, this Dictionary of unprecedented scope will undoubtedly re-establish certain truths and spark debate in return.

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By the numbers

French cultural sector generates €40 billion in value-added

October 16, 2013

A study carried out by the French Ministry of Culture measures the contribution made by the cultural industries to the country’s economy. 

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