Italian singer -songwriter among the most loved in the world, winner of Grammy and Golden Globe, Laura Pausini He continues to enchant the public with his voice and international tours.
But on the economic front, 2023 proved to be a complicated year for his company “People Edizioni Musali srl”, who saw the revenues halve and close the year with a heavy passive.
Halved revenues, budget in red
2023 was not the best year on an economic level for Laura Pausini, despite the spotlight on her world tour and the recent global visibility thanks to the song “Desire” interpreted with Robbie Williams, chosen to open the Club 2025 World Cup in the United States.
The company that manages the artist’s musical rights and takes care of the organization of its events, the “People Edizioni Musali srl”, has in fact closed the year with an important loss: -1,228,000 euros. A figure that makes even more noise if compared with the profit of 162,238 euros recorded in 2022.
The company’s revenues have practically halved, going from 6.26 million euros to 3.477 million. To worsen the economic framework, also the fact that the singer paid to the company an extra loan of 600 thousand euros during the year, an obviously insufficient attempt to rebalance the situation.
A solid society, at least in the assets
Despite the negative result, the overall patrimonial situation is not considered alarming. The “people musical editions” has a clear assets which, even net of loss, remains just below 5 million euros. And retains important reserves and active, such as 3.65 million euros invested in securities and bonds, and properties owned by 2.54 million.
According to what is indicated in the budget, the company deals with phonographic production and organization of musical events. In the past he had been merged with the controlling Star Music through an inverse merger. The good results of the previous years allow her to hold the impact today, at least in the short term.
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The role of the family and the structure of the trust
Until the beginning of 2024, the capital of the company was directly controlled by Laura Pausini, with the exception of 1% held by his father Fabrizio, singer of PianoBar. Now, however, the property has been transferred (excluding the small paternal share) to a trust called “LP Trust”, based in Faenza but regulated by the American state of the Jersey State. The singer retains the usufruct of the shares and remains the beneficiary of the trust, while the management remains firmly in the family: the company is the sister Silvia Pausini, who is also a trustee.
Re -evaluations, leasing and public contributions
The budget cites two important re -evaluations: the catalog of the singer’s musical rights was re -evaluated for 700 thousand euros, while the company’s instrumental property was re -evaluated for 2.03 million. In the face of these operations, a 2,25 million euro set -up reserve fund was composed.
Accessory voices also include properties in leasing: an office in Rome (with residual installments for about 104 thousand euros), a property in Solarolo, and a Mini 1.5 Cooper car if, for which just over 10,700 euros remain to be paid. There is no shortage of public contributions, equal to 75 thousand euros of musical taxes and 3 thousand euros from the Ravenna Chamber of Commerce.
A difficult year, but not compromising
2023 remains a year to be archived on the economic level for the entrepreneurial universe of Laura Pausini, but does not worry excessively. The property reserves remain large, and family and financial structures guarantee operational continuity. If on the artistic level Laura’s voice continues to be heard all over the world, on the corporate level, a return to stability will be needed to bring the accounts positively.
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