New album comes up ‘Roses’ for The Cranberries as profits jump to €320k
New figures for the band’s Curtain Call Ltd show accumulated profits jumped to over €320,000 in the 12 months to the end of last December.
Boosted by the revenues generated by the band’s sixth studio album, Roses, released in February of last year, the band’s cash pile jumped by over €130,000 to €235,059. Accumulated profits rose from €278,937 to €320,223 after the firm recorded a profit of €41,413 in 2012.
Ms O’Riordan is set to enjoy the limelight once more after signing up to be a judge on RTÉ’s The Voice.
The abridged accounts do not provide a revenue figure for the year, but increased PAYE and other income taxes jumping from €5,300 to €35,397 indicate a greater level of productivity by the firm last year.
The band — which also includes members Noel Hogan, Mike Hogan, and Fergal Lawler — has sold 40m albums worldwide.
All four members have a 25% shareholding in Curtain Call Ltd.
The accounts show a charge for musicians fees of €175,818 from a firm, Gohan Recording Ltd that Noel Hogan is a director of, with musician fees of the same amount of €175,818 charged by a firm where Michael Hogan is a director.
A third firm, where Fergal Lawler is a director also charged €175,818 for musician fees.
The band took a break in 2003 but reunited in 2009 for a North American tour, followed by dates in Latin America and Europe in early 2010.
