EXCLUSIVE: Left Bank Pictures has posted its first set of earnings since the curtain fell on The Crown.
The Sony Pictures Television-owned British producer has filed accounts at UK Companies House revealing that revenues — perhaps unsurprisingly — have fallen significantly after the lavish royal drama concluded on Netflix in late 2023.
Left Bank Pictures (Television) Limited, the company through which Left Bank books most of its revenue, posted sales of £27.6M ($35.1M) in the year to the end of March 2024. This was down 77% from £118M the previous year. Left Bank Pictures (Television) Limited’s pre-tax profit stood at £4.2M last year, down around £19M, or 82%, from 2023’s £23.3M, according to the financial filing.
The accounts don’t tell the whole story, however, as Left Bank also funnels earnings from Outlander and spin-off Outlander: Blood of My Blood through special-purpose vehicle LBP Outlander 6 and 7 Ltd. This company recorded revenues of £41.3M last year (down from £67.7M in 2023) and a pre-tax loss of £9.9M (the 2023 loss was £16.7M).
The earnings reports were filed in the same week that Left Bank Pictures announced major leadership changes. Co-founder Andy Harries said he was moving upstairs, vacating the CEO post to become executive chair. A day later, the company announced the eye-catching hire of BBC content chief Charlotte Moore as CEO. She will also oversee international creative output at Sony.
Commenting last week, Wayne Garvie, president of international at Sony Pictures Television, said: “One of the outstanding executives of her generation, it will be fantastic to have her leading the phenomenal team at Left Bank into a new era.”
Left Bank’s accounts make clear that replacing a hit on the scale of The Crown will not be straightforward, but the company’s upcoming projects include BBC series Dear England and This City is Ours.
Deadline revealed last year that staffers at Left Bank pocketed bonuses totaling more than £10M after The Crown came to a close. Left Bank had 36 members of staff, meaning the bonuses would have averaged out at more than £280,000 per employee.
