Business Irish

Sunday 31 August 2014

Cash pile at Enya's music business jumps by €220,000

Gordon Deegan

Published 07/01/2014 | 02:30

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Singer Enya is sitting pretty
Singer Enya is sitting pretty

The cash pile at Enya's music business firm last year jumped by over €220,000 -- even though the best-selling artist hasn't released a new album in over four years.

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Figures show that the cash pile at Aigle Music Ltd, co-owned by Ireland's most successful ever female singer, last year increased by €221,829 from €429,197 to €651,026.

The figures show that accumulated profits at the firm slipped from €1.243m to €1.173m in the 12 months to the end of June 30, 2013.

The low-profile Donegal woman, pictured, has sold 75 million albums worldwide with over 26 million sold in the US alone during a long career.

Enya's last album release was 'The Very Best of Enya' released in November 2009, which spent 56 non-consecutive weeks at No 1 on the Billboard New Age Album Charts.

Enya, or Eithne Ni Bhraonain, was the world's biggest-selling artist in 2001 and 2002.

The native of Gweedore owns a third share in the Dublin-registered Aigle Music Company along with her manager Nicky Ryan and lyricist Roma Ryan.

The three have collaborated together since 1982 and their work has included Enya's first major hit album, 'Watermark', which included the hit single 'Orinoco Flow' that propelled Enya to international fame.

Prior to going solo, Enya had sang for the family group, Clannad, where Nicky Ryan was manager.

In a 2011 interview, Mr Ryan said that Enya was working on a new album. However, no formal announcement has yet been made of a release date for a new album.

The firm's fixed assets reduced in value from €454,524 to €372,370 during the year.

Enya's musical compositions have brought her many accolades.

A four-time Grammy award winner, Enya and her production/writing team were nominated for a Golden Globe and an Oscar for their work on 'The Lord of the Rings'.

Irish Independent

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