Industry punters always anticipate the publication of “The U.K. Record Industry Annual Survey” by British researcher Cliff Dane. The reason is simple: Dane has an ability to comb the financial sta

May 20 - Industry punters always anticipate the publication of “The U.K. Record Industry Annual Survey” by British researcher Cliff Dane. The reason is simple: Dane has an ability to comb the financial statements filed by music companies and discover some gems. A copy of the 2005 edition, the first published since 2001, was forwarded to Track. It shows, for example, that the highest-paid director of a music-related company in the United Kingdom appears to be one individual working for Video Duplicating Co., with 2004 earnings of £2.17 million ($3.97 million). But one of the most impressive facts Dane discloses is the severance package awarded to former BMG U.K. and Europe chairman/CEO Richard Griffiths, who left the company in 2001, with a minimum of £9.4 million ($17.2 million) but probably closer to £11.5 million ($21.1 million). Since he left BMG, Griffiths has worked in artist management.

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