Monday, December 26, 2011

From £32m to £269,000: Was huge fall in Robbie Williams’s income the real reason he rejoined Take That?



Low point: Robbie Williams saw a significant drop in his earnings in 2009

He is one of pop’s most successful solo stars and is worth an estimated £80  million.
But Robbie Williams may have had more than musical motives when he rejoined Take That in July.

New figures suggest that his earnings from recording and touring dipped significantly in 2009, even though he released a solo album, Reality Killed The Video Star, at the end of that year.

Income from his business, The In Good Company Co, which was set up in 2002 to handle his recording and tour revenues, fell from a high of £32 million in 2006 to just £269,566 in 2009.

The company’s cash reserves dropped from £1.6 million in 2008 to £800,000 and profits from £708,000 to £555,000.

Reunited: Robbie with bandmates Gary Barlow, Howard Donald, Jason Orange and Mark Owen

Williams’ music publishing business, Farrell Music, recorded losses of £536,000, while another of his companies, Little Youth, posted a loss of £65,000. Only the firm recorded a healthy profit of £400,000.

But while the star may not be as popular as in his heyday, he is far from impoverished. Industry sources point out that the new figures do not include his earnings from other sources, including the sale of merchandise, and said the figures reflected the ups and downs of a pop star’s income between albums.

In its first year, the In Good Company Co reported sales worth £34.9 million in what was a highly successful period for Williams.

The singer, whose solo hits include Angels, Let Me Entertain You and Rock DJ, enjoyed peaks in his earnings in 2004 and 2006 as he released and toured with his Greatest Hits and Rudebox albums.

When he signed his deal with EMI Mr Williams declared: ‘I’m rich beyond my wildest dreams.’

But the singer, who married American Ayda Field, 31, in August, later said: ‘Money is nothing to do with happiness. Sometimes I feel like cashing everything in and giving it all away.’

LOW POINT: Robbie Williams saw a significant drop in his earnings in 2009

Robbie Williams My Way

source: dailymail [endtext]