James Brown estate sold to Primary Wave Music in deal valued at $ 90 million

After 15 years of internal feuds and litigation between family heirs and estate administrators, James Brown’s estate has been sold to Primary Wave Music.

The deal, which has been in the works for four years and valued at $ 90 million, includes the assets of the Brown Estate, including music rights, real estate and control of Brown’s name and image. This represents an important step in fulfilling the desire of the late Soul Godfather to leave the majority of his estate for scholarship funding for children in need. Primary Wave will continue a partnership with the estate which will include projects related to the James Brown 2000 Trust, established in 2000 by Brown for charitable and educational purposes.

One of the first 10 inductees into the Rock and Roll Hall of Fame, Brown was a music pioneer who over a 50-year career that has yielded worldwide successes including Daddy got a brand new bag, I got you (I feel alright), It’s a world of men of men and Living in America. Few musicians have been so influential in popular music or put on a more exhilarating stage performance than Brown, who, thanks to the passionate gospel fury of his voice and the complex polyrhythms of his rhythms, transformed R&B into soul music. and soul in funk.

Brown died on December 25, 2006 of heart failure at the age of 73. He had expressed his wish that a scholarship be established to help children in South Carolina, where he was born, and Georgia, where he grew up. But its achievement has been crippled for years amid a controversial discord that has encompassed numerous lawsuits in state and federal courts.

Primary Wave has entered into a similar deal for half of the Whitney Houston estate and is the owner of the largest stake in the Prince estate. The company is analyzing a series of new avenues to promote Brown’s legacy and music, including a potential Broadway musical, television shows, and the creation of a museum attraction at Brown’s mansion in South Carolina.

“I am impressed that Primary Wave has been chosen by the estate of James Brown to partner with the godfather of soul,” said Larry Mestel, CEO and Founder of Primary Wave Music. “We are delighted to help continue to expand his influence and continue his legacy through his music and the James Brown 2000 Trust. ”

“The James Brown Estate and related trust are very proud and delighted to be working with Larry Mestel and Primary Wave,” said Russell Bauknight, Trustee of the James Brown Estate and Trust. “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.”

Brown’s career began in the mid-1950s as lead singer of the Famous Flames. He quickly gained recognition as an energetic and powerful live artist, and in the 1960s released “Live at the Apollo,” which propelled him to superstar rank. The album was rated 25 out of Rolling stones 500 Greatest Albums of All Time, was one of 50 recordings chosen by the Library of Congress to be added to the National Recording Registry and was inducted into the Grammy Hall of Fame.

He recorded 17 singles which reached No.1 on the Billboard R&B charts, he holds the record for most singles on the Billboard Hot 100 and amassed 98 amazing songs on the Billboard Top 40 in the ranking of R&B singles. Besides the Rock and Roll Hall of Fame, Brown has been honored by musical institutions including the Songwriters Hall of Fame and in 2003, and the Kennedy Center Honors.

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