Independent Talent Profits Hit By 2023 Strikes Amid Ongoing Sale Chatter Around UK Agency
Exclusive: Independent Talent, the London talent agency to stars including Daniel Craig and Josh O’Connor, took a profit hit after the U.S. strikes amid ongoing speculation about its desire to sell.
The Duncan Heath-run company posted a pre-tax profit of £4.5M ($5.6M) in the 12 months to the end of March 2024, which was half the £9M recorded the previous year. Profit after tax, Independent Talent’s preferred measure of earnings, dropped 48% to £4.3M.
Independent Talent’s revenue also declined over the same period. The company’s sales stood at £37.6M last March, down 18% from £46.1M in 2023.
“Performance has been negatively affected by the writers’ strike and actors’ strike during the year,” the agency noted in earnings filed at UK Companies House. It added: “The group has seen an upturn in performance subsequent to the year-end.”
Industry sources continue to indicate that Independent Talent is prepared to sell for the right...
The Duncan Heath-run company posted a pre-tax profit of £4.5M ($5.6M) in the 12 months to the end of March 2024, which was half the £9M recorded the previous year. Profit after tax, Independent Talent’s preferred measure of earnings, dropped 48% to £4.3M.
Independent Talent’s revenue also declined over the same period. The company’s sales stood at £37.6M last March, down 18% from £46.1M in 2023.
“Performance has been negatively affected by the writers’ strike and actors’ strike during the year,” the agency noted in earnings filed at UK Companies House. It added: “The group has seen an upturn in performance subsequent to the year-end.”
Industry sources continue to indicate that Independent Talent is prepared to sell for the right...
- 1/6/2025
- by Jake Kanter and Andreas Wiseman
- Deadline Film + TV
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