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Business News Labels & Publishers
Chrysalis doing well – praise be to Jacko
By CMU Editorial | Published on Friday 18 December 2009
Another company who are better off with Michael Jackson being dead is music publisher Chrysalis, who saw their revenues rise £6.4 million in the financial year to the end of September, thanks partly to their ownership of ‘Thriller’ and ‘Off The Wall’ via songwriter Rod Temperton, both of which, of course, enjoyed huge download sales and radio play once the late king of pop shuffled off the mortal earth. Overall Chrysalis profits for the year were a more modest £500,000, though City types said that was better than expected.
Chrysalis chiefs said this current year is looking pretty good also, though revenues are unlikely to rise quite so steeply as they did last year. Interest in Jacko continues to aid the publisher, as does the recently re-released Beatles catalogue, which they benefit from via their partnership with producer George Martin, who has some rights in the master recordings. Other Chrysalis-signed song-writing artists, including Estelle, Robbie Williams, Black Eyed Peas, Jay-Z and Cheryl Cole, will also help boost revenues.
