The Swedish pop sensation ABBA’s business venture has witnessed remarkable financial success, with founding members Benny Andersson and Björn Ulvaeus sharing a substantial £1.4 million dividend following exceptional profits from their musical production company.
Littlestar Services, the enterprise established by Andersson and Ulvaeus, surpassed market expectations by reporting pre-tax profits of £3.85 million for the fiscal year ending March. These impressive figures represent a 57% increase compared to the previous year’s performance.
The company’s stellar results stem primarily from its theatrical productions, with particular success noted in their new North American touring production. Revenue figures reached £16.03 million in the year to March 31, 2024, marking a significant 25% rise from the previous year’s £12.79 million.
The European Union emerged as the company’s dominant market, generating turnover of £5.06 million in the 2024 financial year. The musical, which debuted in 1999, has achieved remarkable success, reaching audiences exceeding 65 million across more than 450 cities globally.
Littlestar Services, which manages theatre, film, and television productions associated with ABBA, has seen particular success with its film adaptations. The 2008 film version, starring Meryl Streep and Colin Firth, generated over $610 million in box office revenue, while a 2018 sequel featuring Lily James and Cher further cemented the franchise’s success.
The company’s directors, including producer Judy Craymer alongside Andersson and Ulvaeus, shared the £1.4 million dividend, representing a substantial increase from the previous year’s £900,000 distribution. Despite these exceptional results, the company projects slightly reduced but similar performance for the coming year.
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