Yea you get that entitlement vibe from IFL. We were the first ones to do it so we can do whatever we want. Just because you had an idea first doesn’t mean someone else can’t improve upon it which many of these boxing YouTubers have done. I’d love IFL to just be given the same amount of time as everyone else. Seconds Out is the best channel for me.
He thought Josh Taylor was Scott Quigg in one interview, at a team Frampton after party of all places
Always wondered what the deal was with IFL. Hearn has hinted various times down the years that he's bunged Kugan money to keep it going, but they had their own show on BoxNation too. And yet some of their best coverage, as mentioned here, was following Fury under Mick Hennessey. I don't mind Umar to be honest; he doesn't appear to be drunk most of the time or talk like he's got a mouthful of food.
https://find-and-update.company-information.service.gov.uk/company/11924861/filing-history Looks like Rob Tebbutt is gone from Boxing Social...it's all on Andi now to put out the good content!
Interesting accounts though, there's clearly some cash in this YouTubing. With any standard business, assuming 30 days to receive income once it's earned, you can multiply trade debtors by 12 to get the annual turnover. Just over £1m in this case. Nice profit too.
Don't think they're turning over £1m at all. Their corp tax bill is about 16k which gives you about 80k profit. If they had a million pound turnover, that would mean their operating costs would amount to around 920k which is just silly for a youtubing business. Their vat bill is about 7k. Same as it was for the previous year. Assuming that's the last vat quarter and its unpaid at the year end, and assuming they have very little input vat, most of the 7k, would be output vat giving an income of around 42k per quarter. Multiply that by 4 gives them an annual turnover of around 170k. That sounds more reasonable and in line with an 80k profit. Hey, I could be completely wrong though! But nothing on their balance suggests they're turning over £1 million.
You could well be right, I didn’t look as closely as you did so thanks for the additional thoughts! I usually glance at the trade debtors and assume it’s a monthly figure; if most of the income is monthly YouTube royalties then that would still make sense. On reflection it’s rather high. The profit is there in the balance sheet, 28 grand or so. That being said, I know a couple of YouTubers with much smaller audiences yet they’re on the verge of giving up the day jobs. Guess all of this depends how much the guys get paid!
How does getting paid by YouTube work then? Do your uploads have to hit a certain amount of views? Or is it subscribers? Or something else?