IFPI's Domingo Cites Copyright Protections as Record Label Investment's Guarantor
Record companies have invested more than $20 billion in artist scouting and marketing in the past five years, said a Monday report by the International Federation of the Phonographic Industry (IFPI). The report used data from record companies and studies…
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on several musicians. Record labels invested 27 percent of their revenue in marketing in 2013, up from 26 percent in 2011, it said. Copyright law allows the music industry to "gain a return on its investment,” said IFPI Chairman Plácido Domingo in the report.