Justin Timberlake just sold his music catalog. His catalog is said to be valued at $100 million. The agreement does NOT cover future music releases from Timberlake. He joins the list of Bruce Springsteen, Bob Dylan, Tina Turner who have all sold their catalogs.
Kevin Hart is merging his Laugh Out Loud and HartBeat Productions to form HartBeat. It launches with a $100 million investment from a private equity firm. Peacock, NBCUniversal are shareholders. The company has an unscripted first look deal with Peacock, a film deal with Netflix, a partnership with SiriusXM and a deal with Audible in partnership with… Read more »
Dr. Dre and his ex-wife Nicole Young are officially divorced and the settlement is bananas. Nicole will get $100 million in the form of two payments of $50 million. Dre on the other hand gets to keep his seven properties, his Apple deal, and his master recordings. He’ll also get to keep his Apple stocks… Read more »
NBA great Michael Jordan‘s brand has donated $100 million to organizations fighting racism against black people. Jordan and his Jordan Brand commits the hefty sum over the next 10 years to organizations assisting black people with social justice and greater access to education. Jordan joined legions of others in sadness and anger of the live police incident in which 46-year old… Read more »
