I want to spend freely! Queen profits have soared to an eye-watering £80million in just two YEARS as legendary band’s surviving members continue world tour
Queen’s profits have reached an eyewatering £80million in two years as they continue their iconic world tour.
The band’s latest accounts revealed they are still rocking global stages decades after the death of their lead singer, Freddie Mercury.
Surviving members Brian May, Roger Taylor and John Deacon Queen profited £89million in 2021 and 2022.
The band members paid themselves £30m from their company Queen Productions Ltd, according to the Mirror.
The dividend in 2022 was £12,906,351 and in 2021 it was £17,066,000 – with the amount split among them as directors.
Queen’s profits have reached an eyewatering £80million in two years as they continue their iconic world tour
The band’s latest accounts revealed they are still rocking global stages decades after the death of their lead singer, Freddie Mercury
The latest annual accounts revealed in 2022 the band made a profit before tax of £22.2m, up from £16.8million in the previous year.
A report attached to the books up to September 30, 2022 stated: ‘During the year turnover increased by £1,700,486, which led to an increase in profit before tax.
‘This can be attributed in part to the success of the We Will Rock You theatre production UK tour as well as an increase in licence fees on live music touring.’
The net profit margin for the year skyrocketed by 11per cent, as the increase in turnover coincided with a decrease in royalties payable.
According to the report, all signs show the band should expect to see the money continuing to roll in for the foreseeable future.
It read: ‘Given the success of [the film] Bohemian Rhapsody and We Will Rock You in recent years, it is anticipated the company will generate similar income in the year ended September 30 2023 and in the years thereafter.’
Turnover for 2022 was £49,893,655 and for 2021 it was £39,193,189.
Queen members Brian May and Roger Taylor teamed up with Adam Lambert for their tours in 2012 and have gone on to perform several successful tours over the last 10 years.
Surviving members Brian May, Roger Taylor and John Deacon Queen profited £89million in 2021 and 2022. The members paid themselves £30m from their company Queen Productions Ltd, according to the Mirror
The latest annual accounts revealed in 2022 the band made a profit before tax of £22.2m, up from £16.8million in the previous year
The net profit margin for the year skyrocketed by 11per cent, as the increase in turnover coincided with a decrease in royalties payable
Discussing the show, Brian said: ‘We’re still calling our show The Rhapsody Tour, but the content has evolved massively from when you last saw it.
‘New toys, new takes, but all the hits and more.’
Talking about his role in the band Adam said: ‘I consider it a beautiful twist of fate that I was put on a path that aligned me with Brian and Roger.
‘I can’t wait to tour North America one more time alongside the two unbelievably talented legends that are Brian May and Roger Taylor.’
Roger added: ‘Adam is certainly a real force on stage. It’s been nothing but a riotously funny and enjoyable journey with him. He is simply one of the best vocalists in the world – FACT!’
American popstar Adam joined Queen members Brian and Roger in November 2011 for a performance at the MTV Europe Awards in Belfast.
It was then reported in December 2011 that the group were in conversations for Adam to front Queen.
Queen members Brian May and Roger Taylor teamed up with Adam Lambert for their tours in 2012 and have gone on to perform several successful tours over the last 10 years
