Showing 34 results for:
music-catalog
Popular topics
All results
Wiz Khalifa views his decision to sell a portion of his catalog as a sound business move. In July 2023, the artist sold a portion of his music and publishing assets to HarbourView Equity Partners, a global alternative asset management company, according to a press release. The sale included hit singles such as “See You Again,” “Black & Yellow,” and “The Thrill.” “Wiz Khalifa has already made a profound impact on culture as a musician, executive, media visionary, and creative force. We celebrate his talent and creativity and are thrilled to welcome him and Taylor Gang to the HarbourView family today,” said Sherrese Clarke Soares, Founder and CEO of HarbourView, in a news release. Khalifa commented: “Sherrese and HarbourView truly understand the value of music and artistry. We are excited to partner with them as they continue to build a dynamic media company that is in line with the values and goals we all have here at Taylor Gang.” More than a year after the transaction, he explained...
Sony’s agreement with Michael Jackson’s estate will remain intact despite pushback. As AFROTECH™ previously mentioned, Sony Music Group reportedly closed a sale related to the late “Rock With You” singer’s legendary catalog, which encompassed half of his publishing and recorded masters catalog. In total, the assets were worth between $1.2 billion and $1.5 billion. Sony Music Group reportedly paid at least $600 million in the deal to claim its portion of the stake in Michael’s assets. However, there was allegedly some pushback surrounding the deal from his mother, Katherine Jackson. Billboard reports that she attempted to stop the deal. This was because his executors, John Branca and John McClain, had appeared to privately go to Judge Mitchell Beckloff to get the green light for the deal. Katherine argued that it would “violate Michael’s wishes” and that the catalog’s valuation would still rise if the estate maintained its ownership. Beckloff turned down the notion in April 2023 and...
If you’re at all tapped into the modern hip hop sound , you’re no doubt familiar with Metro Boomin, the Grammy-nominated beat-maker extraordinaire responsible for producing such hits as “Father Stretch My Hands” by Kanye West, “Mask Off” by Future, “ Bad And Boujee ” by the Migos, and “Like That” by Future and Kendrick Lamar. Unless you’ve been living in a cave for the past few months, you’ve probably also heard Metro’s sampling and drum patterns on the viral instrumental track “BBL Drizzy,” which has been playing all over TikTok and other social media platforms. Through his multiple landmark contributions to modern music, Metro Boomin has amassed a sizable net worth of over $45 million, per Celebrity Net Worth . So, how did Metro Boomin establish himself in the highly competitive hip hop industry? How did the multi-talented multi-instrumentalist take his talents from the underground to the forefront of music, building long-standing relationships with some of raps heaviest hitters?...
MC Lyte wrote her first single at 12 and later became a pioneer in Hip Hop. The Brooklyn, NY, rapper, born Lana Michele Moorer, would bet on herself early on and auditioned for First Priority Records, in front of its signees Kirk “Milk Dee” Robinson and Nat “Gizmo” Robinson, as the label, ran by Nat Robinson, were looking to sign a female artist. With the permission of her mother at the time, she went to the audition, which was held in a basement. “Here I am going to this guy’s basement in Brooklyn. It could have ended so many different ways. However, I laid the first rendition of ‘I Cram to Understand U’ down on there,” she said in an interview with “The Breakfast Club” podcast. Ultimately, MC Lyte’s talents led to her signing to the label in 1986, per Blackpast. She reveals she was given a $5,000 advance, which was spent to purchase a vehicle. “I got an advance, which was $5,000, and I took that $5,000 and I put it on my Jetta, the whole thing like ‘Yeah that’s all I need is a...
Nadia Rawlinson believes in investing in women’s sports. Rawlinson carries executive experience with tenure at companies that include Live Nation Entertainment, Slack, and American Express. It’s her collective experience that has emboldened her involvement with the WNBA’s Chicago Sky along with her deep appreciation for the city of Chicago, IL. “It’s having a level of understanding of how things can be done in an elite way,” she explained to Market Watch. “You have players, you have 22-year-old rookies who are moving to a new city to have their first job out of college. I care a lot about Chicago. I was here during the Bulls years when Jordan was here, which was epic. How can I recreate that here with the Sky? We are the future of Chicago and Chicago sports.” Rawlinson’s commitment to the team is exhibited in her decision to purchase equity in it. She now serves as co-owner and operating chairman of the Chicago Sky. “I’m also operating chairman, but I lead and manage our board of...
Rene McLean, partner and founding advisor at Influence Media Partners, has a new music venture to share. Influence Media and McLean have announced SLANG, a new independent front line label under the music and entertainment company, according to a press release shared with AFROTECH™. One of the label’s first signees is Will Smith. Prior to the announcement, the winner of both Grammy and Academy awards debuted his single “You Can Make It,” featuring Fridayy and Sunday Service Choir, at the 2024 BET Awards, per Variety. Marking Smith’s first time performing at the award show, he was joined by Kirk Franklin, Chandler Moore, and Sunday Service Choir. “Through some of my darkest moments, music has always been there for me – to lift me and help me grow. It’s my humble wish that it can do the same for you and bring you all the joy and light you deserve,” Smith wrote in an Instagram post ahead of dropping the single, according to Variety. Along with Smith, SLANG’s roster includes...
The music catalog company holding the hits of artists like 50 Cent, Eric Bellinger, John Coltrane, and a host of others has officially been sold. Hipgnosis, which is described as having “a collection of proven hit Songs of cultural importance by some of the most talented and important Songwriters globally,” per its website, has sold its assets to Blackstone for $1.6 billion. Additionally, its leader, Merck Mercuriadis, who was once responsible for managing Beyoncé, has also stepped down from the company, The New York Times reports. The Hipgnosis Songs Fund is an “investment trust” currently listed on the London Stock Exchange in the U.K. and owns the rights of “tens of thousands of songs,” per the outlet. During a meeting on Monday, July 8, 2024, a board for the company voted to accept an offer from Blackstone, worth $1.6 billion, to purchase its assets. Already, Blackstone had taken majority control of the company’s “investment adviser” side of the business through a $1 billion...
Rick Ross is auctioning off items for a good cause. According to Billboard, the rapper is teaming up with Julien’s Auctions to host Push It to the Limit: Luxury and Lifestyle, a two-day event held June 25-26 live and online with 800 items up for grabs. People mentions items such as Ross’ exclusive collection of street and contemporary art, designer wear, rare sneakers, and music memorabilia like Michael Jackson’s sealed “ONE” by Cirque du Soleil light-up glove , and more. Specific items include the Air Jordan Retro 5 “University of Michigan Fab 5” PEs (estimated value, $2,000-$3,000); Air Maxes (est. $1,000-$2,000); DJ Khaled “Father of Asahd” Air Jordans (est. $3,000-$5,000) and Virgil Abloh Off-White collaborations (est. $500-$700); Versace silk shirts (est. $500-$700); and designer sunglasses and varsity jackets (est. $200-$500); among others, per Billboard. View this post on Instagram A post shared by Julien's Auctions (@juliens_auctions) What’s more, in partnership with The...
Uncle Nearest is making history as the fastest-growing American whiskey brand ever, according to Forbes. As AFROTECH™ previously told you, Fawn Weaver serves as founder and CEO and established the company to honor “Nearest” Green, a formerly enslaved man who taught Jack Daniel how to make whiskey. The company has since received significant backing, even in the midst of Weaver’s clear stance that she has no intention of selling the business, which has grown to include a 458-acre distillery with the world’s longest bar (518 feet). Products are now featured in over 30,000 stores, bars, hotels, and restaurants in 12 countries. View this post on Instagram A post shared by Uncle Nearest Premium Whiskey (@unclenearest) By November 2023, Weaver had raised $225 million in individual support. Per Forbes, the business is backed by 163 individual investors, providing an average check of $500,000 a person. “The most difficult thing in starting any business. It’s always the capital,” Weaver told...
Sony Pictures Entertainment has officially announced its next EVP, Chief Communications Officer, and the move is a major one… a historic feat, if you will. According to a press release shared with AFROTECH™, Tahra Grant will serve in the position, succeeding Robert Lawson who will relocate to the company’s headquarters in Tokyo, Japan as SVP of Corporate Communications for the entire Sony Group. Not only is Grant the first Black woman to be named Chief Comms Officer at a major Hollywood studio, she is also the only Black woman to hold the position at a major studio among the stars. Since joining the studio in 2016, Grant has “streamlined and sharpened corp comm ops, handling crisis and issues with def skills during Covid and the double strikes, before and after,” per the report. Within a year with the company, she was promoted to SVP of Media Relations and her expertise in the industry continues to expand. She has also worked on several Sony blockbusters, which include Little Women,...
Shaquille O’Neal’s Authentic Brands Group (ABG) deal continues to pay off. As AFROTECH™ previously mentioned, O’Neal’s agreement with the brand management company in 2015 allowed the group to profit from his name and likeness in merchandise and endorsements. The Hall of Famer joins its roster of other prominent names such as Marilyn Monroe, Elvis Presley, Muhammad Ali, and Michael Jackson. “We’re thrilled to have a true business partner in Shaq,” Nick Woodhouse, ABG president and chief marketing officer, told ESPN at the time. “Through his bigger-than-life personality, he has turned himself into one of the strongest sports brands in the world.” In return for signing onto the deal, O’Neal became ABG’s second-largest shareholder, and to date he credits this as his turning point in business. “My Authentic Brands deal, I was able to ensure that hopefully I can stay around after I’m no longer on this earth,” O’Neal explained to AFROTECH™ . “And I was walking down the street one day and...
The production tagline on Metro Boomin’s beats, “If Young Metro don’t trust you, I’m gone shoot you,” is more than a cultural statement — it’s rooted in the long-time friendship and business partnership he has with Atlanta, GA, rapper Future. Emerging from St. Louis, MO, Metro Boomin, born Leland Tyler Wayne, has carved his name in the annals of Hip-Hop history. His talent and ingenuity have propelled him to the forefront of the industry, with his production credits and collaborative acclaim spanning chart-topping songs with Drake, Travis Scott, Gucci Mane, Big Sean, and The Weeknd, among others. It’s About More Than Rap For Metro Boomin While Metro Boomin’s catalog is predominantly rooted in Rap and Hip-Hop, his music is a testament to his diverse range of influences. From the Pop icons that shaped his early musical journey to the eerie soundscapes of horror movies, his unique blend of inspirations is a fascinating insight into his creative process. “Michael Jackson. He was always...
Tyrese Gibson, widely known simply as Tyrese, is a multi-hyphenate talent regarded for his work on film and television, as well as his Grammy-nominated music career. Like many A-listers, Tyrese has worked his way up from small commercial placements to top-billed positions in massive blockbuster films. Unlike a number of his peers, however, Tyrese Gibson amassed his net worth purely from his own talent, business acumen, and hard work, rising out of the slums of the Los Angeles neighborhood Watts and earning millions. There are conflicting reports for Tyrese Gibson’s net worth, ranging from $5 million to over $30 million. Suffice it to say that the talented performer holds a multi-million dollar fortune, which is earned through a number of high-profile income streams. Here’s a brief look at where Tyrese came from, where he is now, and the many avenues he has utilized to earn his fortune. Tyrese Gibson’s Humble Beginnings (Photo by Paras Griffin/Getty Images) Tyrese was raised by a...
Following his success with the legendary Hip-Hop group Public Enemy, Flavor Flav gained even more fame on television. Beginning with the reality TV shows “The Surreal Life” and “Strange Love,” Flavor Flav went on to star in his own series titled “Flavor of Love,” which aired on the VH1 network from 2006 to 2008, according to IMDb. Now, almost two decades later, Flavor Flav is making his way back to reality TV. However, this go around isn’t to find love — it’s to cross off an educational milestone. During an interview with TMZ, Flavor Flav revealed that he has an upcoming show focusing on him earning his high school diploma. “I’m going back to high school to get my diploma,” Flavor Flav told TMZ. “That’s what my show is going to be about. Flavor Flav goes back to high school.” He added, “And I’m getting it for real. Not a GED, bro, I want my diploma.” While Flavor Flav is aware that high school has completely changed since adolescence, he is adamant about staying the course. “If I...
Rapper Nelly is doubling down on his decision to sell his catalog. As AFROTECH™ previously told you, the artist sold 50% of his catalog to HarbourView Equity Partners in 2023. The deal reportedly included singles such as “Ride Wit Me,” “Dilemma,” and “Hot in Herre” and was worth $50 million. On a recent episode of “The Shop” podcast, Nelly discussed his decision to sell a portion of his catalog, explaining that it was a move to secure his equity and build generational wealth. “You filtered both through both of those. You can never really sell anything like that forever. Technically a lease. So in like 30 years it comes back,” Nelly said on “The Shop.” “So, if I ain’t took the little 50 mil and made nothing happen in 30 years, then I need my a– whooped anyway. You hear a lot of people say, ‘I would never do it. I would never do it.’ Why wouldn’t you do it? That’s your equity, that’s your gold.” He continued, “That’s why you would never have generational wealth because what you don’t...