Don't stop paying me now: Queen members divvy up millions in year of falling profits

Alys Key
Follow Alys
iHeartRadio Music Festival - Day 1 - Show
Cash! Aa-aaah (Source: Getty)

It's a kind of magic for the members of rock band Queen, who took home a collective dividend of £5.7m from their production company last year despite a drop in turnover and profits.

Roger Taylor, Brian May, John Deacon and the estate of the late Freddie Mercury were paid a total of £5.7m by Queen Productions Ltd., which manages royalties from live shows and the musical We Will Rock You. The payout was down from £11m the previous year.

Read more: Take some business lessons from... the Eurovision Song Contest?

The company's operating profits were under pressure in its annual results, down from £7.1m to £4.9m. Revenue fell from £19m to £12m.

But the show must go on for the band, who are going on tour with singer Adam Lambert from next week, which is likely to bolster revenues for the coming year.

Read more: And the UK's most popular artist of 2016 was...

Related articles