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.
http://blogs.wsj.com/bankruptcy/2012/04/06/young-buck-songs-royalti...
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Permalink Reply by 305 (ANTHONY)DadeCounty on April 8, 2012 at 3:24pm
Permalink Reply by Flash <-Thisis50's Most Hated-> on April 8, 2012 at 3:34pm
Permalink Reply by Big Tamás (T) on April 8, 2012 at 4:06pm *sigh*
50's explained several times in different interviews why he doesn't call himself Curtis "Interscope" Jackson anymore. You were just too busy hatin' him, so I guess you've missed them.
And you can blame 50 for Buck's situation, cause Fif' told him to:
- be a drug addict
- blow your money on b****** and drugs
- be bipolar
- stab me in the back and diss me!
"Sheek Louch gets more respect than 50 Cent"
And? Respect doesn't pay his bills, nor make hits.
Permalink Reply by Flash <-Thisis50's Most Hated-> on April 8, 2012 at 4:13pm
Permalink Reply by Big Tamás (T) on April 8, 2012 at 4:27pm "Sheek Louch isn't broke tho" *sigh*
Seriously... I haven't typed anything like that. I said "respect doesn't pay his bills, nor make hits".
Ripped apart? LMAOOO! D-Block went hard at G-Unit, no doubt about that; and everybody knows it. But Game?! SMH! I don't know have you realized it or not, but he always lies. Even if he's asking anything.
Permalink Reply by Flash <-Thisis50's Most Hated-> on April 8, 2012 at 4:40pm
Permalink Reply by Big Tamás (T) on April 8, 2012 at 4:46pm Part of the reason? Yeah, maybe. Main reason? No.
Permalink Reply by Flash <-Thisis50's Most Hated-> on April 8, 2012 at 4:51pm
Permalink Reply by 305 (ANTHONY)DadeCounty on April 8, 2012 at 4:50pm
Permalink Reply by Flash <-Thisis50's Most Hated-> on April 8, 2012 at 4:59pm
Permalink Reply by Edgar *F*** Flash* on April 8, 2012 at 5:12pm
Permalink Reply by NATE \m/ (-_-) \m/ on April 8, 2012 at 5:18pm Welcome to
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