All going according to The Script as band's cash pile jumps to €3.4m
Published 08/01/2016 | 02:30
The story keeps getting better for The Script as the cash pile at the band's main firm jumped to €3.34m last year.
Last June, The Script played to 80,000 fans at a sell out Croke Park gig and new figures show that the cash pile at its entertainment firm last year almost doubled going from £1.33m to £2.49m (€3.34m).
During the same period, the firm's accumulated profits increased from £933,928 to £1.25m. The coffers of the Dublin band were boosted by the release of the band's fourth studio album No Sound Without Silence in September of 2014.
The revenues of the company Madnotes Entertainment are generated from recording, royalties and touring and the accounts only cover part of the band's exhaustive 2015 tour to promote the No Sound Without Silence album.
The Croke Park gig - where the band were only the third Irish act to headline in Croke Park stadium after U2 and Westlife - generated box office receipts of $4.9m (€4.5m) which are shared between artist, venue and promoter.
The long tour took in dates in Japan, South Africa, Dubai, 20 dates in the UK, Italy, Spain, Malaysia, Australia, New Zealand, Thailand, Lebanon, Switzerland, Germany and Denmark.
The band's income was also enhanced in 2014/15 when they played a five-week 18-date tour of the US in May and June in 2014.
The band's sister company, Madnotes Publishing Ltd has yet to file accounts for last year - but its prior year accounts show that the firm's accumulated profits increased by £180,000 from £1.004m to £1.184m in the 12 months to the end of April 2014 with the firm's cash pile declining from £2m to £1.4m
That firm generates its revenues from publishing royalties.
The directors and shareholders of the two firms are the founding members of The Script, Danny O'Donoghue and Mark Sheehan.