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The Deals: Ella Fitzgerald Estate Signs With Downtown


Former Geffen Records president
Neil Jacobson, who founded songwriter/producer management firm Hallwood Media in 2019, has formed a new special purpose acquisition company (SPAC) called
The Music Acquisition Corporation. SPACs are shell companies that raise money in an initial public offering (IPO), then merge with a privately-held target company, making that target publicly-traded as a result.
According to an SPAC S-1 prospectus, Jacobson s new company plans to raise $200 million through an imminent IPO on the New York Stock Exchange, and will use the funds to invest in companies at the crossroads of music and technology.
Hipgnosis has acquired 100% of Bob Rock’s producer rights for Metallica’s ....

United States , South Africa , Lal Branch , South African , Markl Kovinsky , Melanie Fontana , Mick Coogan , Roddy Ricch , Lathan Warlick , Danity Kane , Cade Thompson , Iveth Luna , Cortez Bryant , Bob Rock , Chris Ghelakis , Chance The Rapper , Dustin Lynch , Justin Garza , Lauren Camey , Matt Steger , Tyler Hubbard , Gee Roberson , Shawn Gee , Jake Hess , Neil Jacobson , Bruce Allen ,

The Deals: Ella Fitzgerald Estate Goes Cheek to Cheek With Downtown, Neil Jacobson Forms Music SPAC


Ella Fitzgerald
Elsewhere, Hipgnosis acquired 100% of Bob Rock’s producer rights for Metallica’s biggest album and Ingrooves has picked up a music distributor in South Africa.
Downtown Neighbouring Rights, which was established last June, has struck a deal to represent the estate of Ella Fitzgerald for performance royalty collections outside the U.S. The deal covers Fitzgerald’s entire repertoire, including classics such as “Dream a Little Dream of Me”, “Cheek to Cheek“, “Into Each Life Some Rain Must Fall” and “It Don’t Mean a Thing (If It Ain’t Got That Swing).”
One of the most legendary female jazz singers in history, Fitzgerald recorded songs written by composers and lyricists such as Cole Porter, Duke Ellington, George & Ira Gershwin, Johnny Mercer, Irving Berlin and Rodgers & Hart. She is additionally known for her many duets with Louis Armstrong. Over the course of her career, she won 13 Grammys, the National Medal of Arts, the Presiden ....

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Lil Wayne Sued by Ex-Manager After Selling His Masters For $100 Million


By Victor Omondi
New deals, fresh disputes!
Hip-hop star Lil Wayne is currently enjoying incredible success after selling his masters to Universal Music Group for an amount worth more than $100 million. As reported by TMZ, the Young Money boss engaged in this lucrative deal way back in June, though the deal wasn’t made public due to the ongoing lawsuit filed against him by his ex-manager Ronald E. Sweeney.
TMZ revealed that the legal documents they obtained showed that Sweeney had filed a $20 million lawsuit against the ‘Leather So Soft’ rapper. In the lawsuit, Sweeney alleged that he was hired by Wayne in 2005 to facilitate a negotiation for a contract between him and Birdman’s Cash Money. The dispute from 2005 lasted up to 2018 before it was ultimately and amicably settled by Wayne. ....

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Lil Wayne Reportedly Sold His Masters For $100 Million


Additional details about the transaction between Wayne and Universal Music Group have not been made public as of Monday, December 14.
The 38-year-old rapper has had a tumultuous year, which included pleading guilty to illegal gun possession on Friday (December 11), which he faces up to 10 years in prison for, according to prosecutors. Wayne reportedly entered a plea in Miami federal court,
CNN reported per a release from the U.S. Attorney s Office for the Southern District of Florida.
Last month, the A Milli rapper who was previously convicted of a felony charge in New York in 2009 was charged with criminal possession of a firearm and amunition, which stemmed from a December 2019 incident in which federal agents allegedly found a loaded gold-plated handgun in the rapper s luggage on a private flight. ....

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