Stake in Frank Sinatra’s Estate Acquired by Iconic Artists Group

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IAG laminitis Irving Azoff announced the quality astatine a Bloomberg summit.

Iconic Artists Group (IAG) has acquired a information of the Frank Sinatra estate.

IAG laminitis Irving Azoff revealed the quality astir the legendary vocalist portion speaking astatine Bloomberg’s Screentime Conference, held Oct. 8-9 successful Los Angeles. As archetypal reported by Bloomberg connected Sunday (Oct. 12), Azoff said Iconic “recently acquired a chunk of the Sinatra estate.”

Frank Sinatra Enterprises (FSE) confirmed the woody successful a connection to Billboard: “Frank Sinatra Enterprises, Tina Sinatra, and Warner Music Group are delighted to invited Irving Azoff and Iconic to the dedicated squad serving the life’s enactment and bequest of Frank Sinatra.”

In 2007, Sinatra’s household and Warner Music Group (WMG) formed Frank Sinatra Enterprises, a planetary concern to negociate each aspects of Sinatra’s career, arsenic good arsenic his sanction and likeness. The woody besides included ownership of Sinatra’s recordings from his Reprise era. Sinatra started Reprise, which is present owned by WMG, successful 1960. FSE besides represents Sinatra’s rights to his Columbia and Capitol catalogs.

It is unclear however overmuch of the property IAG acquired. Azoff declined to remark beyond his Screentime remarks, arsenic did FSE beyond its statement. WMG besides declined to comment.

The woody comes astir 3 years aft Iconic made an statement with the Dean Martin Family Trust to negociate and grow the chap Rat Packer’s legacy. The woody included name, representation and likeness, arsenic good arsenic the trust’s stock of Martin’s Capitol and Reprise Records dependable recordings, diagnostic films, and Martin’s assortment shows and specials.

During Azoff’s Q&A astatine Bloomberg, moderator Lucas Shaw, Bloomberg’s manaing exertion of media and entertainment, besides asked Azoff what helium considers the astir invaluable catalog successful the world. “I usually would person said The Beatles, but I’m not definite that’s existent anymore,” Azoff said. “You possibly gotta accidental Taylor [Swift] astatine this point.”

IAG works with a fig of different artists and estates, including The Beach Boys, Linda Ronstadt, Cher, Rod Stewart and Nat King Cole, among others. Azoff told Bloomberg‘s Shaw that The Beach Boys’ gross has doubled since IAG got progressive successful their business.