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David Beckham nets £28m on Netflix documentary bounce

David Beckham Brands - which is 55% owned by US consumer giant Authentic Brands Group and 45% by the former England captain - saw sales improve in 2023
David Beckham Brands - which is 55% owned by US consumer giant Authentic Brands Group and 45% by the former England captain - saw sales improve in 2023

David Beckham has raked in more than £28m of payouts from his media, fashion and sports empire after it was boosted by his Netflix documentary with wife Victoria.

Freshly filed accounts revealed that his business enterprises saw profits more than double last year.

David Beckham Brands - which is 55% owned by US consumer giant Authentic Brands Group and 45% by the former England captain - saw sales improve in 2023.

DRBJ Holdings, the holding company combining all his brands, recorded turnover of $91.2m for the year, up 2% on the previous year.

The group includes David Beckham Ventures Limited which comprises the majority of his brand partnership and licensing revenues, his Studio 99 media production outfit and his Seven Global business.

It reported that David Beckham Ventures Limited saw profits grow by 17.9% amid the continued growth of his partnership with Authentic Brands.

Studio 99 Group saw revenues grow to $15m as it benefitted from the production and release of the Beckham documentary series for Netflix in October last year.

The studio will also produce a new Victoria Beckham documentary series for Netflix, which was announced in August.

DRBJ Holdings revealed that overall pre-tax profits leapt to $36.2m from $16.2m the previous year.

The business paid out significant dividends as a result, with the accounts revealing that $28.5m of dividends were paid to shareholders over the year.

It has since paid out a further $51m of dividends.

It is understood that these dividends were shared out evenly based on ownership, meaning that David Beckham was handed around $36m (£28.6m).

The latest accounts mean David and Victoria Beckham's overall business enterprises made more than £160m of sales last year.

In August, Victoria Beckham's fashion and beauty business shrugged off the wider downturn in the luxury sector as sales jumped by 52% to £89.1m for 2023, as it also reduced losses.