Warner Music Ireland profits jump by a fifth

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Warner Music Ireland profits jump by a fifth
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Irish arm of music giant boosted by likes of Ed Sheeran and Dua Lipa

Revenues were made up of direct sales of €14.15 million and royalty and license fee income of €776,343.On the firm’s future developments, the directors state the firm “is embracing the spectrum of opportunities presented by digital technology to deepen the connection between fans and artists”.

Numbers employed remained at 12 last year.Pay to directors more than halved from €755,295 to €305,170 and the chief factor was €382,075 that was paid out in 2021 for compensation for loss of office that did not reoccur last year.Irish artists signed up to Warner Music include Damien Rice, Gavin James and Enya.

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