Tuesday 20 February 2018

It's Boomtown for Bob with €6m dividends

Bob Geldof
Bob Geldof
Singer Bob Geldof

Gordon Deegan

BOB Geldof last year shared more than €6m in dividends from the TV firm behind the reality TV show 'Survivor'.

The outspoken Dubliner may not sell that many records anymore, but he can console himself with his one-third share of the £5.4m (€6.4m) received in dividends from his Castaway Television Productions Ltd.

'Survivor' was first screened in 1997 and has been on air continuously since. There have been 27 seasons of 'Survivor' broadcast in the US.

This year, it was also screened in Norway, Turkey and Denmark.

'Sir Bob' -- or full name as it 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 that over the four years from 2010 to 2013, the 62-year-old received £4.1m in dividends from the £12.3m paid out over those four years by Castaway.

New accounts filed with Companies House in the UK show that pre-tax profits at Castaway Television Productions Ltd fell by a quarter to £3.4m in the 12 months to the end of March this year.

This followed revenues dropping by a fifth to £7.4m.

The figures show that the largest proportion of business is generated in the US where the firm recorded 75pc of turnover.

Sales in the EU accounted for £1.2m in revenues with sales in non-EU countries totalling £623,891.

Irish Independent

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