Beggars Group records £3.8m profit in 2014
Beggars Group made a net profit of £3.8 million in 2014 on revenues of £42m, according to accounts filed with Companies House.
The company put out 44 releases during the year, compared with 40 releases in 2013 when it recorded a £4m profit from £52.9m revenues.
“In 2014 the global music market has seen a huge growth in streaming at the expense of physical sales, and to some extent, downloads,” said a statement from the company.
“Beggars Group Limited too ...
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