Named the Greatest Rock Star Ever after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million dollar estate at the time of his death.
Recently, his music catalog sold for a reported $250 million, higher than his initial estate value.
In this episode, a replay from earlier this year, David Lenok is joined by Stacie Jacobsen, director of the wealth strategies group at Bernstein Private Wealth Management, diving into the complexity of a music catalog as an asset for both the seller and buyer, along with details of the planning required before and after the transaction.
Stacie discusses:
- The difference between a musician’s catalog and their other traditional assets
- The impact of interest rate environments on unique investments
- Why music catalogs are traditionally sold as one unit over individual songs
- How artists plan for selling their music catalog after they are gone.
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The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple Podcasts, Android, Stitcher and wherever podcasts are found.
