The Beatles' Company, Apple Corps Reports Record High Profits
The Beatles’ company, Apple Corps took in over 50 million pounds last year.
Surviving members of the Beatles, Sir Paul McCartney and Ringo Starr, along John Lennon’s widow Yoko Ono and George Harrison’s widow, Olivia received 6.1 million pounds each.
This was made up of £1,417,000 in dividends and £4,719,500 in “connection with the provision of promotional services and name and likeness rights”.
Apple Corps Limited’s annual accounts showed a turnover of £50,244,899 for the 12 months ending in January, the equivalent of £137,657 a day, despite the group breaking up more than 50 years ago.
The company’s figures also revealed a pre-tax profit of £8,606,191. It was also revealed that a large proportion of that came from the Las Vegas stage show ‘Love’ which was a joint venture with Cirque de Soleil.
The figures show substantial growth on the previous year, when turnover was £36.5 million with a pre-tax profit of £5.5 million, and shares to McCartney, Starr, Ono and Olivia were £3,685,000.
Source: Paul Cooney/nova.ie
