Entertainment
HarbourView Equity Partners acquires music rights from producer David Kershenbaum
The deal covers Kershenbaum's producer royalties and master rights for classic hits by Tracy Chapman, Joe Jackson, and Marc Cohn.
The short version
- HarbourView Equity Partners has acquired producer royalties and master recording rights from Grammy-nominated producer David Kershenbaum.
- The acquisition includes major tracks such as Tracy Chapman's "Fast Car," Marc Cohn's "Walking in Memphis," and Joe Jackson's "Steppin’ Out."
- Financial terms of the transaction were not disclosed.
Key facts
- HarbourView Equity Partners signed a deal with David Kershenbaum to acquire his interest in producer royalties and related master recording rights.[Billboard]
- The acquired rights encompass multiple Tracy Chapman songs, including "Fast Car," "Baby Can I Hold You," and "Talkin' Bout a Revolution."[Billboard]
- The catalog also includes Joe Jackson's "Steppin’ Out" and "Is She Really Going Out With Him," as well as Marc Cohn's "Walking in Memphis."[Billboard]
- HarbourView manages roughly $3.88 billion in regulatory assets and has acquired over 70 music catalogs.[Billboard]
- Fox Rothschild, LLP provided legal counsel to HarbourView for the transaction.[Billboard]
What remains uncertain
- The financial terms and overall value of the catalog acquisition were not publicly disclosed.[Billboard]