Lessons from celebrity-estate planning cases for advisors.
Celebrity Estates Replay: David Bowie and the Financial Side of A Music CatalogCelebrity Estates Replay: David Bowie and the Financial Side of A Music Catalog
A music catalog is a complex asset for both the buyer and the seller.
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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