Quantcast
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

THE GRAMMY NOMS: A PRELIMINARY CHEW
"Uh-huh" vs. "huh?" (11/20a)
AND THE NOMINEES ARE...
The list. (11/20a)
A TOP 20 OF TITANIC PROPORTIONS
Best enjoyed with a good belt. (11/20a)
SONY'S BIG WEEK
And that was before the Grammy deluge. (11/20a)
DABABY IN GERSON'S CRIB
Talk about pub crawling. (11/20a)
THE GRAMMY NOMINATIONS
They're here. What do they mean?
U.K. SPECIAL
Forget Brexit--it's our yearly survey of doings in Blighty. And if you still can't forget Brexit, try drinking.
WHAT'S GOING ON BENEATH OUR WINDOWS?
The latest in Hollyweird.
WEED!
That's what Hollywood smells like. Seriously. 24/7.
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."

…Read more