Chrysalis is set for a windfall from Michael Jackson's death, with the "extraordinary surge in the sale of his work" set to lift royalty revenues at the music publisher later this year.
The UK company yesterday posted solid results for trading between April and June, lifted by the success of artists including Bat for Lashes, The Gossip and The Horrors.
The finance director, Andy Mollett, said Chrysalis had benefited from groups that were "both artistically and commercially well received". These had built on the successes of White Lies, Fleet Foxes and the Yeah Yeah Yeahs in the first half of its financial year, he added.
Mr Mollett said revenue from royalties would increase following the explosion of airplay for Michael Jackson's hits in the wake of his death. Chrysalis owns the rights to songs including "Thriller", "Off the Wall" and "Rock with You".
"There will definitely be some benefit for Chrysalis," Mr Mollet said, adding: "We don't know how much, as we would also have benefited from his performances at the O2 had he lived."
The company has a bullish outlook for the rest of the calendar year. It is preparing for the release of a new Robbie Williams album, the digital re-release of the Beatles back catalogue. The writer of Tinchy Stryder's current No 1 hit "Never Leave You" is also on Chrysalis's roster.
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