James Brown estate sold for estimated $ 90 million

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James Brown has had a decorated career in music for decades as the godfather of soul, delivering classic hits like “Please, Please,” “Papa’s Got a Brand New Bag” and ” It’s a Man’s Man’s Man’s World “before his death at age 73 on Christmas Day 2006.

A legal battle for his estate has surprisingly been ongoing over the past 15 years since his death, but luckily we can now report that a multi-million dollar settlement has finally been reached and is lucrative to say the least.

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Publishing and management company Primary Wave has sold the rights to Brown’s long-standing catalog of chart-topping soul hits. The deal also includes his publishing, main revenue stream, name and likeness rights, which according to The New York Times put Primary Wave back to $ 90 million.

Much of the back and forth was due to Brown leaving the majority of his assets to creating scholarships for underprivileged children in South Carolina and Georgia, leaving his heirs only property, stage costumes. and $ 2 million for the education of Brown’s grandchildren. As expected, this led to a decade and a half of conflict that completely delayed the distribution of the entire will.

More on the story of the battle for James Brown’s estate below, via Rolling stone:

“With the sale of the estate, Brown’s scholarship fund is about to come to fruition. As reported by The Times, the money from the sale will fund the scholarships, and Primary Wave founder and CEO Larry Mestel told the newspaper that the company will contribute small percentages of the income from future deals to the scholarships. Brown’s music. Yet Adele Pope, a former executor of Brown’s will, has a pending lawsuit against Brown’s estate. And Russell Bauknight, the trustee of the James Brown Estate and Trust, filed another against Pope. Until these lawsuits are resolved, the Times reported, the stock exchanges cannot move forward.

“The James Brown Estate and the related trust are very proud and delighted to work with Larry Mestel and Primary Wave,” Bauknight said in a statement. “We believe that our choice of professionals to take the James Brown Legacy to the next level is going to prove to be one of the most successful events in Mr. Brown’s long history in the entertainment business. “

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What this sale might mean for the future of James Brown’s musical legacy can go a few ways, but looking at what Primary Wave has already done for fellow client and late music icon Whitney Houston – a tour of The 2019 holograms and the recent NFT collection are just some of the creative ways they’re keeping The Voice alive – hold great promise for what’s to come.

RIP forever to the Godfather of Soul, and may his legacy continue to receive the respect it rightly deserves from everyone involved.

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