Whether you’re a music industry insider or a fan, listen up: rapper Young Buck’s intellectual property, including song compositions and royalties, can be yours.
The IP is going up for sale as part of Young Buck’s Chapter 7 bankruptcy liquidation, which a judge ordered the rapper into last year after he couldn’t come up with a viable business plan. Now, bankruptcy trustee Jeanne Burton is in charge of selling off Young Buck’s assets, including all of the rapper’s IP.
According to court papers, that includes “trademarks and copyrights, all masters, compositions, royalties, rights and licenses owned by debtor and all rights of publicity owned by debtor.” Burton couldn’t be reached to elaborate.
Intellectual property expert Gabe Fried told Bankruptcy Beat that buyers, particularly music industry folks, are interested in masters because they give the owner the ability to re-release songs and license the content for third-party use (like for advertising). And royalties entitle the owner to specified revenue from distribution or airplay of the songs.
That doesn’t mean a portfolio of music-related IP is an instant money-maker, however.
“It needs some continued investment to maintain its performance and grow,” said Fried, chief executive of Hilco Streambank, which specializes in liquidating such intangible assets as intellectual property.
The best buyer may be someone in the music industry who knows how to squeeze every bit of value possible from the assets, he said.
“Strategic buyers will know their business and will understand the synergy that this portfolio of products can provide for them,” he said.
Burton is proposing to sell the intellectual property at a May 14 auction at the Nashville law firm of Harwell Howard Hyne Gabbert & Manner. First, though, the U.S. Bankruptcy Court in Nashville, Tenn., must sign off on the auction proposal.
The move will free up David Darnell Brown—the rapper’s real name—for a fresh start. That fresh start could come with none other than G-Unit, the record label he’s still tied to but hasn’t recorded for due to a failing out with label founder 50 Cent. Young Buck recently said he’s negotiating a possible return with the label, according to BET.
50's a B!tch
lol all u gon' see in this thread is...buck did drugs, blew all the money 50 gave him, ....so 1 sided ...i know this 50's site but readin' this threda is like watchin' a 50 interview....yayo doesnt do drugs?...yayo didnt blow alot of 50's money??...its different when sumbody come from ya own hood and a niggah' u just tryna break bread wit...loyalty takes time to happen...it all happened so fast 1 week u a broke niggah' from tennesee the next u rockin' shows wit the hottest niggah' out...
bla bla bla, ain't no such thing as karma in life. 50 is in that situation musically cause he hasn't been and still isn't active enough, plus some of the leaks that might of been off the album were weak. Big 10 was good but he hasn't released anything new in 4 months. How is he releasing an album in 3 months without official singles out? However, 50 has made and is still making more than enough money so he doesn't need the music anymore which might also be the cause of his musical situation.
@ Flash, is it better to sell out and kiss a** to be successful? On the one hand you scream Illuminati all the time but then say it's a mistake if you're not willing to be a slave of the industry.
maybe in music but not in other areas...the nikka still got pull and will produce...cant keep him down forever..lok at what it took to get him here...you act like hes stupid and made millions by accident like winning the lottery...hip hop is a circle and its coming back to 50...he knows what he has to do...the new fans will love a "pop" 50 kuz thats what hes engineering himself into...it takes time...how many other gangtser rappers are still around and mainstream? snoop and who? and he laffs at stupid nikkas who squander they fortunes and walk around people who dont know when times finished and use they bread leagally..like preme didnt have any oppurtunity to go legit or shyne...i mean we still talking about a nikka who had 1 song 10 years and that america monologue was kinda live but other than that...50 gonna do what makes sense to him not to us