Quincy Jones property sells catalog and ancillary rights to HarbourView

Funding agency HarbourView Fairness Companions has acquired “choose music and non-music property” from the Property of Quincy Jones.

HarbourView mentioned that the deal contains Jones’ recorded music and publishing property, in addition to different ancillary rights, together with his participation in The Contemporary Prince of Bel-Air.

As a part of the transaction, HarbourView notes that it’ll “work in shut partnership with the Quincy Jones Property on go-forward initiatives tied to Jones’ identify, picture, and likeness”.

The corporate added: “By conversations with Quincy Jones’ youngsters, the events aligned round shared priorities of legacy preservation, training, and safety, guaranteeing his music and likeness are thoughtfully stewarded, safeguarded from unauthorized or exploitative makes use of, corresponding to AI, and responsibly prolonged so future generations can absolutely perceive and admire his international affect on music and tradition.”

A composer, producer, arranger, conductor, instrumentalist, file govt, entrepreneur, and humanitarian, Jones produced three of Michael Jackson’s most profitable albums: Off the Wall, Thriller, and Dangerous, in addition to the charity single We Are the World.

“As his youngsters, our accountability is to guard not solely the catalog, however the spirit and love behind it.”

Rashida Jones, on behalf of the Quincy Jones household

In his late 20s, Jones grew to become Vice President of Mercury Data, making historical past as the primary Black govt at a significant US file firm.

“Our father was endlessly curious and at all times forward of his time,” mentioned Rashida Jones, on behalf of the Quincy Jones household. “Lengthy earlier than anybody talked about ‘multi-platform,’ he was already constructing bridges and connecting the dots throughout music, movie, tv, publishing, expertise and tradition, creating iconic juggernauts like Thriller, The Colour Purple, The Contemporary Prince of Bel-Air, and Vibe. These tasks didn’t simply succeed; they grew to become the gold normal.

“What made him extraordinary was his potential to see round corners and convey collectively the correct folks, concepts, and sounds to create timeless work time and again.

“As his youngsters, our accountability is to guard not solely the catalog, however the spirit and love behind it. HarbourView understands that legacy and has the imaginative and prescient and experience to assist make sure that future generations can really feel the total scope of his eternal affect.”

“Sherrese Clarke’s imaginative and prescient, cultural pleasure, and mission alignment give us nice confidence that our father’s legacy shall be thoughtfully protected and carried ahead.”

Quincy Jones III

Chicago-born Jones, who died in 2024 on the age of 91, was named by TIME Journal as one of many six most influential jazz artists of the twentieth century. He gained 28 Grammys in a profession spanning greater than six a long time.

“Our father didn’t simply create hits, he constructed platforms that formed tradition throughout music, movie, media, and expertise,” mentioned Quincy Jones III (QD3).

“He believed innovation was a artistic instrument and embraced it early, from serving on the board of MIT to pushing the boundaries of what storytelling could possibly be. He had a deep ardour for empowering future generations of creatives, and noticed expertise/innovation as a conduit if used ethically.

“HarbourView was the clear associate for our household: Sherrese Clarke’s imaginative and prescient, cultural pleasure, and mission alignment give us nice confidence that our father’s legacy shall be thoughtfully protected and carried ahead.”

“Our partnership with the Property is rooted in deep respect for Quincy’s artistic imaginative and prescient and a long-term dedication to safeguarding his work.”

Sherrese Clarke, HarbourView Fairness Companions

HarbourView mentioned that “further bulletins and tributes will comply with within the coming weeks as collaborators and longtime artistic companions share reflections on Quincy Jones’ life, work, and enduring affect.”

Commenting on the deal, Sherrese Clarke, CEO of HarbourView Fairness Companions, mentioned: “Quincy Jones was not only a once-in-a-generation expertise, he was a once-in-a-century architect of tradition.

“Our partnership with the Property is rooted in deep respect for Quincy’s artistic imaginative and prescient and a long-term dedication to safeguarding his work, his likeness, and his affect for generations to come back.”

Fox Rothschild served as authorized counsel to HarbourView within the transaction, whereas Quincy Jones Property was represented by Gene Salomon and Don Passman at Gang, Tyre, Ramer, Brown & Passman. Monetary phrases weren’t disclosed.

HarbourView was established in 2021 by former Tempo Music CEO Sherrese Clarke, with backing from Apollo International Administration.

Just some months in the past, the corporate secured $500 million in further debt financing from funding large KKR through a personal securitization backed by its music portfolio.

It adopted a earlier $500 million in debt financing secured by HarbourView in March 2024, by a personal securitization backed by its catalog of music royalties, and led by KKR.

This newest settlement marks the most recent in a collection of serious strikes from the corporate.

Acquisitive HarbourView has acquired over 70 music catalogs encompassing over 35,000 songs throughout each grasp recordings and publishing earnings streams.

The corporate’s portfolio contains music from T-Ache, James Fauntleroy, George Benson, Noel Zancanella, Fleetwood Mac’s Christine McVie, Pat Benatar, Neil Giraldo, Nelly, Jeremih, Wiz Khalifa, Kane Brown, Full Drive and extra.

In September, Michelle Jubelirer and Arjun Pulijal have launched a brand new enterprise backed by a strategic funding from HarbourView Fairness Companions.

HarbourView additionally just lately entered right into a deal with steel band Slipknot to accumulate a majority stake of their catalog.

The deal included hits like Wait and Bleed, Duality, Psychosocial, and the Grammy-winning observe Earlier than I Overlook.Music Enterprise Worldwide