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Kool & The Gang is next up on a leading publisher’s growing list. Primary Wave Music announced via its website that the founding member and songwriter George Brown has signed a “multi-million-dollar” catalog deal. Within the deal, the company has acquired a stake in Brown’s music publishing catalog, writer’s share, and writer’s share of public performance.
While Whitney Houston is forever stamped as one of the greatest voices and artists of our time, the late legend’s personal life continues to be focused on by mainstream culture. According to Pat Houston, Whitney’s former manager and sister-in-law, Primary Wave can potentially create a great impact to change the narrative.
Six years after the passing of the legendary musician Prince, a ruling has ended the battle over his estate. Since Prince had no will, children, or spouse, this placed six half-siblings as his legal heirs and catalyzed the probate process in court to divide Prince’s estate. In January, there was progress as the heirs closed a deal with the Internal Revenue Service marking the tax valuation of the estate to $156 million, according to Billboard. One month later, the judge recommended turning Prince’s holdings into limited liability companies (LLCs). The move decreased the estate’s tax exposure and solidified a management plan for how the parties involved could collaborate to administer music and other jointly-held assets. Three of Prince’s half-siblings, Tyka Nelson, Omarr Baker, and Alfred Jackson, sold all or most of their shares of the estate to Prince Oat Holdings LLC (Primary Wave). The remaining three reportedly retained their stakes and partnered with advisors L. Londell...
Growing up in poverty, James Brown understood — perhaps better than anyone — t he importance of education. He also knew that for many Black men and women like him, college was an impossibility due to finances. That’s why, in his lifetime, the Godfather of Soul wanted to use his estate to fund scholarships for those who needed it. Now, 15 years after James Brown passed away, that dream has become a reality thanks to a new deal made with Primary Wave Music. Bloomberg reports that the company — which has made similar deals with the likes of Luther Vandross, Whitney Houston, and Prince’s estate — has just agreed to purchase Brown’s estate for an estimated $90 million. But this deal is not without its issues. For the past 15 years, several people — including five children of James Brown — have been battling it out in probate court to gain control of the estate. Before any money can be paid out, lawsuits must be decided and settled between current and former executors of the estate. It’s...