James Brown’s Estate’s Assets Purchased For About $90 Million
- Primary Wave Music Buying Music, Real Estate, Name/Likeness
- Funds Will Be Used to Endow the Brown Scholarship Trust
James Brown performs on stage in 2004.
Photographer: Frank Micelotta/Getty Images
James Brown wanted to use his estate to fund scholarships for needy children. Fifteen years after the death of the “Godfather of Soul,” that wish is coming closer to reality, the New York Times reported yesterday.
Primary Wave Music, which already owns interests in Whitney Houston’s estate and Prince’s among others, is buying James Brown’s estate’s assets for an estimated $90 million. The deal will include music rights, real estate and control of the singer’s name and likeness.