Sugar, Caterina Caselli in purple. Goodbye advantages of closing small money owed
Caterina Caselli and a son Philip (from her late husband Piero Sugar) have been left with nothing and theirs Sugar Holdings which controls the Sugar Musicprimary work, whereas presenting a reorganization of their working group in music manufacturing and exploitation of rights.
Let’s go so as: just a few days in the past there Places of cost held a shareholders’ assembly to carry (the place the son has 77.4% and the mom 22.6% within the sufruct) which accepted the monetary statements closed final June with a small lack of about 3 thousand euros in comparison with a revenue of 5.4 million from the earlier yr.
Obviously i Minor money owed are cleared drawing on reserves however no earnings are distributed. The purple, because the administration report explains, is as a result of missed revenue from the Sugar Music. The subsidiary, as well as, closed the monetary statements in the identical interval with a revenue of solely 100 thousand euros in comparison with that of virtually 2 million final yr.
However i internet price yr on yr they elevated from 7.6 to eight.3 million as a result of enhance in earnings from planning synchronization and the gods Siae earnings displaying a 23% enhance because of the entire post-pandemic restoration of live performance occasions and theater exhibits.
Sugar Music works with a number of singers incl Francesca Calearo (truly”Mrs“), Gioia Pellanda (“Gioia), John Damian (“Saint John”), but it surely additionally applies to classical music.
In addition, just a few days in the past the partial separation of the corporate was accomplished Sugar Music by means of which they have been transferred Sugar Holdings numerous company capabilities (administration and administration, IT, authorized, patents and royalties) and different restricted subsidiaries (Sugar, Camera, Together, Sugar Play) to permit each the dad or mum firm to be a “versatile” holding firm and the subsidiary to concentrate on the enterprise.
Finally, final yr Sugar Holdings took over 13% of the Be Watera video and podcast manufacturing firm based in 2020 by a financier and creator Guido Maria Brera which controls, amongst different issues, the kind Chora Media (podcast) by way of affiliate Be glad which it’s Mario Calabresi he owns 15% of the minority shares.