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UK record companies falter at turning new acts into albums breakthroughs.
The success of UK record companies at breaking the artists they sign into the albums market has halved in five years, according to new Music Week research.
The findings are contained in MW's annual survey of new signings during the previous 12 months. While in 1995 UK labels boasted a strike rate of 16% (based on listed artists scoring a Top 40 album in a period up to 24 months after they are signed), by the end of 2001 that strike rate had fallen to a new low of just 6%. Among the acts that bucked the trend to enjoy chart success in 2001 were Starsailor, So Solid Crew, Sophie Ellis-Bextor, Hear'Say, Blue and Mis-Teeq.
Although the figures may not make for comfortable ...