After 15 years of litigation, James Brown’s estate is finally sold for an estimated amount of $ 90 million | Entertainment
James Brown, right, performed with Aretha Franklin in Detroit in January 1987. Primary Wave Music, a New York-based company specializing in the marketing of song domains and catalogs, purchases the assets of the Brown domain, including the music rights , real estate and control over Brown’s name and likeness. (Richard Lee / Detroit Free Press / TNS)
Richard Lee / Detroit Free Press / TNS
Rodney Ho, The Atlanta Journal-Constitution
The estate of R&B legend James Brown has been sold for an estimated $ 90 million, allowing him to fulfill his last wish to fund scholarships for children in need in perpetuity.
The scholarship trust will help children in South Carolina, where Brown was born, and Georgia, where he grew up, executor Russell L. Bauknight told The New York Times.
Primary Wave, which manages song domains and catalogs, purchased Brown’s musical assets.
“James Brown was one of the greatest musical artists of all time and one of the greatest legends in the music world,” Larry Mestel, founder of the company, told The Times. “It fits with what we do like a glove. “
Brown died at the age of 73 on Christmas Day 15 years ago from congestive heart failure. Jesse Jackson.
Unfortunately, over the past 15 years, more than a dozen lawsuits have been filed for various reasons such as questioning the value of his estate and the distribution of his assets. Tomi Rae Hynie, for his part, claimed to have been married to him and wanted part of the estate, as did five of Brown’s children. Last year, a South Carolina Supreme Court judge ruled that since Hynie had not dissolved a previous marriage, she and Brown were not legally married and she was not entitled to any part of her succession.