I’ve been reading a lot of music industry books lately. The history kind that detail the rise and fall of the record industry. The one theme that I keep seeing time and time again is that (big shocker here) GREAT MUSIC MAKES MONEY. Whoodathunkit?
Well today, just as in old times, great music will bring great money..if it’s presented properly. A label that has been thriving producing great music is Beggars Group which owns a Matador, XL, Rough Trade, and 4AD. Each label puts out great music first and foremost, they’ve been making a killing off of it. Proof of their success can be seen as group found Martin Mills has just made it onto a special list.
The annual Sunday Times Rich List will be published this Sunday…..Most interesting are the two new entries in the top 50 richest music industry people. Beggars Group founder Martin Mills finds himself at joint 46th with Pink Floyd drummer Nick Mason with an estimated fortune of £55 million….
Nearly 40 years after he opened the original Beggars Banquet record shop in Earls Court, kickstarting a career spent discovering and promoting great music, that seems fair enough. His jump up the charts is aided by Adele, whose endlessly popular ’21′ album was released by the Beggars-owned XL Recordings. -via CMU