Beggars Group financials reveal £63.1m revenues for 2019
Posted on: 14 août 2020, by : Stuart Dredge

Independent label Beggars Group has filed its latest annual financial results with Companies House in the UK. The company’s revenues fell from £74.2m in 2018 to £63.1m in 2019.
The report notes that the 2018 figure was skewed by Beggars’ revenues from the sale of Spotify shares after the streaming service went public. “Like for like we are pleased to note that the growth in sales is consistent across our key territories,” reported the label.
The financials offer some thoughts on the risks posed to Beggars Group (and by extension other labels in the UK) by the Covid-19 pandemic, and also the UK’s exit from the European Union.
The post Beggars Group financials reveal £63.1m revenues for 2019 appeared first on Music Ally.
Source: Music ally

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