How does it make its money?

Warp Films was set up in 1999 with funding from NESTA (National Endowment for Science Technology and the Arts) They invest in early-stage companies, inform policy, and deliver practical programmes that inspire others to solve the big challenges of the future.

Warp Records make their money from selling recordings. Due to the company being independent, it is a high risk business so they have to be more careful in their choices and in their allocation of expenses because they do not have the resources to cover many failures. However, Warp can make and promote records for far lower costs than major labels and be profitable with far fewer sales. Recording costs are borne by artists, not record companies. Warp Records make loans to artists for these costs and recoup them from royalties.

Manufacturing includes replicating recorded material and packaging. The costs depend on the number to be manufactured. Manufacturing costs are generally borne by recording labels, although Warp tries to deduct packaging costs from the base price on which they pay royalties.

Warp Records pay two royalties: The first is a record royalty to the performing artists and the second is a mechanical royalty to composers and publishers. They're an Independent label and generally budget 10% of projected gross sales of all recordings annually and selectively allocate that budget.