Publishing
New York (AFP) - Rod Stewart, the singer whose hits include "Maggie May," is the latest artist to sell the rights to his music, The Wall Street Journal said Thursday. The paper said Irving Azoff's Iconic Artists Group acquired Stewart's interests in his recorded music and publishing catalog, as well as some rights to his name as likeness, for a tidy sum of nearly $100 million. News of the sale comes less than a week after reports of a blockbuster deal reached by Sony to acquire half of Michael Jackson's recording and publishing catalog rights from his estate. Details of that transaction are sc...
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London (AFP) - Buckingham Palace is considering its next move after a British TV host named two royals who allegedly raised concerns about the skin colour of Prince Harry's son, a royal source said on Thursday. Speculation has swirled since Harry and his mixed-race wife Meghan made the claims in an explosive US television interview in March 2021 about their time in the royal family. Harry's late grandmother Queen Elizabeth II responded afterwards that "some recollections may vary" about what was said. His older brother Prince William -- heir to their father King Charles III -- has also insiste...
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New York (AFP) - Britney Spears will publish a highly anticipated memoir this fall, some two years after a court freed her from a strict conservatorship many deemed abusive and exploitative. The magnetic pop star's book "The Woman In Me" is set for publication on October 24, after Gallery Books, an imprint of Simon & Schuster, acquired it. Spears lived nearly 14 years under a controversial legal arrangement that barred her from managing her own life and finances, a period in which she was largely governed by her father, Jamie. A Los Angeles judge in November 2021 dissolved the conservatorship....
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New York (AFP) - Brittney Griner, the US basketball star who was detained in Russia last year, is writing a book about the 10-month ordeal which ended in a high-profile prisoner swap, her publisher announced Tuesday. Alfred A. Knopf said the memoir, which does not yet have a title, will be released in the first half of 2024. Griner "describes her stark and surreal time living in a foreign prison and the terrifying aspects of day-to-day life in a women's penal colony," the publisher said in a statement. The two-time Olympic gold medalist was arrested at an airport outside Moscow in February 202...
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New York (AFP) - A federal judge on Monday blocked publishing giant Penguin Random House from acquiring its competitor Simon & Schuster, siding with the US Justice Department which had argued against the mega-merger. The deal, worth $2.2 billion, had been announced in November 2020 and would have brought together two of the five largest American publishers. US District Court Judge Florence Pan, in her ruling, said the government had convincingly shown that the merger would substantially lessen competition "in the market for the US publishing rights to anticipated top-selling books." Pan said h...
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New York (AFP) - George Perez, an acclaimed comic book artist and writer known for his influential work on such superhero titles as the Avengers, Wonder Woman and the Teen Titans, has died, Marvel and DC Comics announced. Perez was 67. He revealed last year that he was battling pancreatic cancer. "George Perez was an artist, a writer, a role model and a friend," Marvel Entertainment said on Twitter. "His work paved seminal stories across comics, and his legacy of kindness and generosity will never be forgotten." DC Comics tweeted that Perez's contributions "were pivotal in both driving and rei...
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Washington (AFP) - Forbes, the media group known for its long-running business magazine, said Thursday it would become a publicly traded company after securing $400 million in financing. Forbes Global Media Holdings Inc. will become a listed company on the New York Stock Exchange under a deal with a special purpose acquisition company (SPAC) called Magnum Opus, sponsored by the private equity firm L2 Capital. The media group was sold in 2014 to Asia-based investment group Integrated Asset Management Limited, founded by Tak Cheung Yam. Forbes magazine was launched in 1917 by Scottish immigrant ...
AFP
New York (AFP) - The pandemic has left the performance industry reeling but music publishing, a normally under-the-radar side of the business, is roaring thanks to a frenzy of high-profile music catalog sales. The royalty streams of songwriting copyright portfolios can prove lucrative for the long haul, and increasingly are enticing investors even as other industries tank under the pandemic's weight. In many cases, the transactions have come at staggering prices: Bob Dylan sold his full publishing catalog for a reported sum of $300 million to Universal Music Publishing Group, while Stevie Nic...
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