‘The Late Late Show With James Corden’ Producers Fulwell 73 Post $43 Million Turnover

variety.com:

K.J. Yossman The latest accounts for Fulwell 73, the U.K.-based production company behind “The Late Late Show With James Corden,” reveal a company turnover of £32.4 million ($42.9 million).Fulwell 73 was founded in London in 2005 by childhood friends Ben Winston (who co-executive produces “The Late Late Show”), Leo Pearlman and Benjamin and Gabriel Turner.

Corden was appointed a director in 2017.The report and financial statements for Fulwell 73 Productions, the parent company for Fulwell’s many subsidiaries, were filed at Companies House in London on Tuesday.The accounts cover the 12-month period ending July 31, 2020, with the first pandemic lockdown arriving almost exactly in the middle of that period, in March 2020, stalling production across the U.S.

and U.K. The accounts, which consolidate the financial statements of both Fulwell 73 LLP and its subsidiaries (together referred to as “the Group”), show that the company saw a healthy turnover, increasing 27% on the previous year, no doubt thanks to the variety of scripted and unscripted projects it produced, which include “The Late Late Show.”In real terms, however, increasing costs and production delays — most significantly including the long-awaited “Friends” reunion, which Winston directed and Fulwell 73 produced — due to the initial impact of the pandemic, meant that turnover translated into only a 5% increase in gross profit, which totalled £12.1 million ($16.2 million).“The COVID-19 pandemic has had a significant impact on productions in the second half of the 2020 financial year, which has disrupted both existing productions and new commissions,” states the members’ report, which was approved by all five directors and signed by Pearlman. “However, the.