Young Buck preps to lose his entire music catalog and likely his own stage-name:
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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...
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...
Comments
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Why didn't 50 Cent let Baby (Cash Money) buy out Young Buck's contract a couple of years ago?
I appreciate 50 Cent's business skills but his hatred for Young Buck is some "? in a bucket" type stuff. -
SMSB
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nuff said -
So ? up, yo...
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GGGGGGGGGGGGGGGGGGGg unit ya'll ? is suckas for caring about a cat that was rich 5 years ago. NO sympathy
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*buys Young Bucks masters and copyright for 50 dollar walmart gift card*
*Still broke cause no one buys that ? ? * -
Loosing your stage name though?
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Smh @ 50 putting Buck in a vice grip of desperation..? that crab.
@sniperk..you made a valid point. 50 could have easily let Baby buy out that contract. I guess this is what 50 wanted. -
Miles HIGH wrote: »So ? up, yo...
Wall Street Journal article today.
The tragic thing is that Young Buck lost his precious street-cred when 50-Cent leaked that secretly recorded phone-convo and now Buck is begging and pleading on the radio which is making him look even worse so his worth as an artist is mighty low.
I don't understand destroying an artist that you have under contract...that's hustling backwards to me.
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young buck tears must be stronger than coke, cuz i swear curtis is addicted to making buck cry
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What's he gonna change his name to?
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What's he gonna change his name to?
Interesting...Hmm...
Buck Marley?...Cash Villain?...Tennessee Tebow?...Boo Boo's ? ?...The HipHop Martyr?...Mr. 615, AKA Mr. Stab-You-Wit-A-Plastic-Fork?...
So many possibilities... -
dont know why ? mad at 50
let that be a lesson to ? not to bite the hand feeding you
50 paid off his taxes for him once....if thats crab in a bucket ? , let me get in that bucket -
Miles HIGH wrote: »So ? up, yo...
Wall Street Journal article today.
The tragic thing is that Young Buck lost his precious street-cred when 50-Cent leaked that secretly recorded phone-convo and now Buck is begging and pleading on the radio which is making him look even worse so his worth as an artist is mighty low.
I don't understand destroying an artist that you have under contract...that's hustling backwards to me.
You know trifling ass birds/chickenhead ? do the same thing....
They use manipulation to take advantage of their tricks. Curtis is no different. -
@ThaCerealKilla why do you have a picture of this man with his pants down saved on your computer?
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@ThaCerealKilla why do you have a picture of this man with his pants down saved on your computer?
it's called google search bruh -
ThaCerealKilla wrote: »@ThaCerealKilla why do you have a picture of this man with his pants down saved on your computer?
it's called google search bruh
You felt pretty comfortable searching those pics huh
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not a good look @cerealkilla wit dropping dem pics,
Old Buck = new stage name -
Its buck's fault period he didn't know how to proper spend his money so he got caught up then he wanna cry about it ? outta here take care your business like a Man . Pay ya bills stop buying chains and cars that ain't worth ? invest ya money have that ? work for you .
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damn right i felt comfortable exposing fagget ass 50
dere go another one of the ? ? right there -
yeah im out....this thread getting suspect
*heads back to cheap seats* -
IntellectualViolence wrote: »what did Buck do to 50 again?
Buck didn't do anything, he just felt like he wasn't getting any royalties.... -
Buck's downfall is like below ground level now....
feel sorry for the dude, i mean 50 is a ? that can keep a tight grudge... but ? ...
this ? broke homeboy's career in half and bury them ? . -
50 evil ass just did a shang tsuang mortal kombat fatality on this dudes career.
This ? is just soulless..Buck only has himself to blame..You signed with a devil now u gotta pay the piper -
50 a crab ass ? ...