{"id":98251,"date":"2021-01-15T22:17:20","date_gmt":"2021-01-15T22:17:20","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&p=98251"},"modified":"2021-02-04T16:51:52","modified_gmt":"2021-02-04T16:51:52","slug":"beggars-group","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/beggars-group\/","title":{"rendered":"Beggars Group"},"content":{"rendered":"

Beggars Group is a London-headquartered independent label group.<\/p>\n

The company, which also runs an office in New York, continues to be run by its co-founder, Martin Mills, who originally established the company in 1977.<\/p>\n

Its biggest artist successes have included Adele and The Prodigy (via XL), as well as Queens Of The Stone Age (via Matador) and The XX (via Young Turks).<\/p>\n

\n
Portfolio of labels<\/h6>\n

Beggars owns a 50% stake in a three significant independent record companies: XL Recordings, Matador, and Rough Trade.<\/p>\n

In addition, Beggars Group owns 100% of 4AD, and its own in-house publishing company, Beggars Music.<\/p>\n

XL Recordings owns 50% of Young Turks \u2013 home to artist including The XX \u2013 a stake that was reduced<\/a> from 75% on January 1, 2019.<\/p>\n

\n
Financial results<\/h6>\n

According to filings with UK Companies House, Beggars Group generated \u00a363.1m ($83.4m)<\/a> in total turnover in 2019.<\/p>\n

That was down by \u00a311.1m on the \u00a374.2m Beggars generated in the prior year.<\/p>\n

Its operating profit in 2019 stood at \u00a33.7m ($4.9m) in 2019, down from \u00a311.95m in 2018<\/p>\n","protected":false},"excerpt":{"rendered":"

Beggars’ operating profit weighed in at \u00a33.7m ($4.9m) last year, down from \u00a311.95m in 2018<\/p>\n","protected":false},"featured_media":31344,"parent":0,"menu_order":0,"template":"","class_list":["post-98251","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/31344"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=98251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}