Geldof shares €6.4m dividend from TV firm
The outspoken Dubliner may not sell that many records anymore, but he can console himself with his one third share of the £5.4m received in dividends from his Castaway Television Productions Ltd last year.
The Britain-based company is the firm behind the Survivor reality TV series that has been sold across the world and seen by tens of millions of people.
The series was first screened in 1997 and has been on air continuously since — in the US, there have been 27 seasons of Survivor broadcast.
This year, the Survivor format was also screened in Norway, Turkey and Denmark.
‘Sir Bob’, or to use his full name as appears in the returns of Castaway Television Productions, Robert Frederick Zenon Geldof, received £1.8m in dividends in the 12 months to the end of March last.
This followed the charismatic political activist, musician and businessman sharing a one third dividend of the £3m paid out in dividends the previous year by Castaway to his Bcraft Ltd firm.
The returns show over the four years from 2010 to 2013, the 62-year-old received £4.1m in dividends through his one third share from the £12.3m paid out in dividends over those four years by Castaway.
New accounts filed with Companies House in Britain show pre-tax profits at Castaway Television Productions Ltd decreased by 25% from £4.5m to £3.4m in the 12 months to the end of March. This followed revenues falling by 19% from £9.2m to £7.4m.
The figures show that the largest proportion of business is generated in the US where the firm recorded 75% of revenues through £5.6m in income.
Sales in the EU accounted for £1.2m in revenues with sales in non-EU countries totalling £623,891. The returns show that the firm made charitable donations last year totalling £88,300 and this followed charitable donations amounting to £74,850 in fiscal 2012.
CONNECT WITH US TODAY
Be the first to know the latest news and updates
