Category archives: Beggars Group

Beggars Group revenues hit $83m in 2019, as XL Recordings generated over $50m

“Whilst we are expecting a slowdown in certain channels [from COVID-19] – for example physical sales, synchronisation, and performance income – we expect streaming to be least affected.”
Source

XL Recordings released 6 records last year. It turned over $65 million.

“As streaming and subscriber growth continues apace our music too has enjoyed growth in line with the market.”
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Beggars Group paid its artists 44% of Spotify share money, as its own annual revenues hit $100m

“After allowing for recoupment on advances, 44% [of the total Spotify proceeds were] paid out in cash.”
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Beggars Group expands in the US with new Head of Streaming and Director of HR appointments

Brandon Becker joins as Head Of Streaming, as Jonathan Gold joins as Director of Human Resources
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Warner Music, Sony/ATV, Beggars and more sign licensing deals with app developer portal OCL

Agreements enable app developers to access and host licensed music alongside user generated content
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Beggars Group revenues topped £70m last year, with £11.9m net profit

Top-performing albums in the year included Adele, Daughter and Sampha

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