Friday, April 20, 2007

Monkey Business

The Arctic Monkeys have published their accounts - a profit of just under £200,000. Not bad for a new band, although not good enough for Victoria Newton:

The Sheffield scallies made a measly £190,081 profit in the last financial year.

Divided by four, that’s a lot less than I’d expect a chart-topping rock band to have in their coffers.

Clearly, Newton doesn't really understand anything about the economics of rock music - for a band to make a healthy profit so soon into their career is quite unusual. She also doesn't understand maths, either - why would dividing it by four make it any more or less impressive? It's the trading profit for the company as a whole; it's not like each of the Monkeys get paid separately and then turn out their pockets into a large chicken on the table at the end of the night.

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