Katherine the diva’s £1million pay cut

When classical singer Katherine Jenkins parted company with her record label Warner Music last year, she was keen to stress that she had not been dropped.

Sadly, the Welsh warbler’s exit appears to have proved very costly.

I can disclose that Jenkins has taken a staggering £1million pay cut over the past year.

The latest accounts filed at Companies house reveal that she received £79,000 in 2013, compared with the £1.08million that she was able to take in 2012.

The 34-year- old singer hit the headlines in 2008 when she signed a three- album deal with Warner Music worth £5.8million.

however, the accounts for her company Taffia International, which is co-owned by Warner, show that a massive £4.4million of that has been written off.

This is money that the record label injected into the company.

Taffia, which manages her income from record sales, had a turnover of £831,000 in 2013 and made a profit of £200,000.

But the accounts show that it only made the profit ‘due to the reduction in expenditure due to there being no new releases during the year’. The bulk of the turnover came in Britain where she made £662,000, compared with £169,000 in the rest of the world.

Directors of the firm report there are ‘risks and uncertainties’ over the ‘extent to which new digital revenue streams replace traditional income based on physical (mainly CD) sales’.

Jenkins’s pay is revealed in the accounts, which state: ‘During the year the company made total advances to K Jenkins of £79,000 (2012 — £1,082,000).’

Jenkins, who announced her engagement in April to new Yorkbased professor and film-maker Andrew Levitas, lives in a £5 million house in Richmond, South-West London. The property was used as a home f or The Apprentice contestants three years ago, before she moved in.

The deal with Warner was part of her efforts to crack the lucrative American market and become a global superstar. These efforts also included competing on Dancing With The Stars, the American version of Strictly Come Dancing, where she reached the final.

But things did not work out for Jenkins, whose style was described as a ‘classical crossover’ of pop and opera, and her last album in 2012 peaked at number 26.

Interestingly, her spokesman declines to comment.