An article published today by Ireland’s Sunday Business Post reveals, unsurprisingly, that The Cranberries scaled down their self-owned management business, Curtain Call Ltd., at the end of 2003.
Curtain Call shrank in size, from €119,000 in tangible assets in 2002, to€28,000 at the end of 2003. Additionally, the company sustained a loss of€700,000, with retained losses of €1.3 million.
Notes filed with the financial reports confirm that the band intended to “take a break from recording, touring and related activities to facilitate individual band members to pursue solo projects.” As a result, the reports note, “the company’s activities are considerably less than in the past.”
Despite the losses, the company’s four shareholders — Dolores O’Riordan, Fergal Lawler, and Noel and Mike Hogan — will continue to support the company financially. The four shareholders “have confirmed that they will continue to provide the company with the financial support necessary for it to meet its obligations.”
The reports also show that Artwest, a separate company owned by Dolores O’Riordan, received €75,000 from Curtain Call. O’Riordan herself received €21,000 for studio rental costs. Curtain Call also owes €118,000 to their self-owned touring company, All Around Touring.
Source: Sunday Business Post