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BMG Buys Catalog of Blues Legend John Lee Hooker in Latest IP Deal
John Lee Hooker. Photo Credit: BMG Immediately after closing a catalog deal with John Legend last thirty day period – and partnering with expense agency Pimco to purchase extra tunes IP – BMG has acquired the music rights of blues singer-songwriter John Lee Hooker. Berlin-headquartered BMG declared its most recent catalog buy today, indicating that it experienced finalized the underlying arrangement with the estate of John Lee Hooker, who passed absent in 2001. The pact encompasses the entirety of the Rock and Roll Hall of Fame and Blues Hall of Fame inductee’s publishing catalog, which BMG acquired with its “longstanding partner Fujipacific Tunes.” Also incorporated in the multifaceted transaction are…
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KKR Creates $1.1 Billion Music-Rights Bond Following Kobalt Catalog Deal
A stay functionality from Maroon 5, whose music is element of the newly announced bond from KKR. Picture Credit score: Justin Higuchi Getting obtained stakes in the catalogs of John Legend and OneRepublic’s Ryan Tedder, Kohlberg Kravis Roberts (NYSE: KKR) has now developed a just about $1.2 billion new music-rights bond. The New York Metropolis-headquartered expense firm’s songs-IP bond – which marks “the very first music royalty securitization of” its KKR Credit history Advisors subsidiary – arrived to mild in a typical release from the Kroll Bond Ranking Agency (KBRA). December of 2021 saw KBRA expose plans to assign a score to Northleaf Cash Partners’ far more than $300 million…
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Latest News in Black Art: Roxane Gay Named Board President at Performance Space, Alexis Assam Joins Virginia Museum of Fine Arts as Assistant Curator, Emma Amos Catalog Wins Gold Medal & More
Latest News in Black Art features news updates and developments in the world of art and related culture Author and Art Collector Roxane Gay is the new board president at Performance Space New York. | Photo by Reggie Cunningham Appointments BESTSELLING AUTHOR and art collector Roxane Gay is the new president of the board at Performance Space New York. Located in the East Village, the nonprofit describes itself as “the birthplace of contemporary performance as it is known today.” Gay’s books include “Hunger,” “Difficult Women,” and “Bad Feminist.” A contributing opinion writer at The New York Times, she announced a new publishing imprint in May, Roxane Gay…
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Spirit Music Group Owner Lyric Capital Launches $500 MM Catalog Fund
Photograph Credit rating: Giorgio Trovato Expenditure firm Northleaf Cash Companions has formally unveiled a $500 million “strategic alliance” with Spirit New music Group proprietor Lyric Funds, which will deal with “certain songs royalty catalogs” as portion of the deal. Northleaf Capital Associates, which oversees much more than $18 billion in property, formally announced its half-billion-dollar catalog partnership with Lyric Money this afternoon. Northleaf itself led the $500 million investment decision, even though the Quebec Deposit and Investment Fund, Canada’s 2nd-largest pension fund, “was a important co-investor.” Under the freshly finalized union, “funds managed by Northleaf keep an desire in certain tunes royalty catalogs managed by Lyric Funds Group,” the included…
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