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REVENUE CHART: BATTLE HYMNS OF REPUBLIC
Monte's army on the offensive (9/13a)
AMERICANA AWARDS: WINNERS AND TAKEAWAYS
A bridge to the Grammys? (9/12a)
YOUR TOP 20
IS POSTED
We give him a ton of ink. (9/12a)
NEAR TRUTHS:
CALLING THE BALL
A deep dive by I.B. Bad (9/13a)
GREEN DAY'S BIG DAY
Warming up for the stadium tour (9/12a)
MORE RAINMAKERS
The players who made it happen.
WHAT ABOUT THOSE LEAKS?
Even funnier in French.
RIHANNA'S ETA
And about $50m in funding.
THE BUNDLE BUNGLE
When will the rules change?
Blighty Beat
BEGGARS GROUP PROFITS UP
7/29/19

Independent British company Beggars Group enjoyed a pre-tax profit rise of 46% last year on sales of £74m. A princely sum from the sale of its Spotify stake, half of which was passed on to artists, awarded Chairman Martin Mills an £8m dividend. 

For the year ending Dec. 31 2018, Beggars Group turned over £74.2m in sales from 36 releases. Gross profit (before expenses and tax) hit just under £12m—a rise of 46% from 2017’s £8.2m.

Fifty percent of proceeds from the sale of its shares in Spotify were given to Beggars signed artists, both past and present, with 44% being paid out after recoupment. The accounts note that "certain other companies apparently distributed these revenues based on the artist royalty rate, meaning they would have paid out a far lower percentage irrespective of recoupment."

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