› uk-record-labelsUK record labels spent $41m on A&R every month in 2021 Sep 05, 2022 · Separately, last month, the BPI reported that the value of British recorded music exports grew by 13.7% to a new annual high of £590.8 million ($812.6m) in 2021. “During a time when music has returned to growth after years of decline, labels have continued to prioritise investment in artists.” Geoff Taylor, BPI