Business Irish

Wednesday 18 September 2019

Profits tumble as Hozier takes to the studio for album


Gordon Deegan

Accumulated profits at the main Irish-based entertainment firm owned by singer-songwriter Hozier increased to just over €3.68m last year.

It was a comparatively quiet year on the new music and touring front for Hozier, reflected in the Co Wicklow native and Grammy nominee's Haskey Ltd recording profits of €79,592 for the period.

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This compares with profits of €654,865 at Haskey Ltd for 2017, €1.12m in 2016 and €1.38m for 2015.

The figures for last year resulted in the company's accumulated profits increasing from €3.601m to €3.68m.

The company's cash pile during the same period fell from €2.28m to €2.11m.

The reduced profits last year are explained by Hozier spending a lot of time in the studio, as he made new music for the album 'Wasteland, Baby!' which was released on March 1 this year. It was Hozier's first studio album release since 2014 and reached number one in the US and Irish charts.

The singer did complete a 19-date sell-out North American tour last autumn, where he showcased his new music, and is back there currently, performing as part of a new tour that continues until the end of November.

It was exhaustive touring in the US and beyond that contributed to the 29-year-old enjoying global success following his first album in 2014.

The Haskey accounts tell the story of only a fraction of Hozier's growing wealth, as the figures relate to the firm's activities wholly undertaken in Ireland. The singer-songwriter of 'Take Me To Church' dropped out of Trinity College Dublin to pursue his ambitions in the music business.

Hozier sits on the board of the firm along with Lorraine Byrne, and the figures show that directors' pay last year tripled from a level of €42,973, to €142,337.

Irish Independent

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