Beggars Group

Music Publisher, Record Label

Beggars Group is a London-headquartered independent label group.

The company, which also runs an office in New York, continues to be run by its co-founder, Martin Mills, who originally established the company in 1977.

Its biggest artist successes have included Adele and The Prodigy (via XL), as well as Queens Of The Stone Age (via Matador) and The XX (via Young Turks).

Portfolio of labels

Beggars owns a 50% stake in a three significant independent record companies: XL Recordings, Matador, and Rough Trade.

In addition, Beggars Group owns 100% of 4AD, and its own in-house publishing company, Beggars Music.

XL Recordings owns 50% of Young Turks – home to artist including The XX – a stake that was reduced from 75% on January 1, 2019.

Financial results

According to filings with UK Companies House, Beggars Group generated £63.1m ($83.4m) in total turnover in 2019.

That was down by £11.1m on the £74.2m Beggars generated in the prior year.

Its operating profit in 2019 stood at £3.7m ($4.9m) in 2019, down from £11.95m in 2018Music Business Worldwide

Beggars Group In The News

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