Iconic Artists Group Expands Legacy Holdings with Frank Sinatra Estate
In a major announcement at the Bloomberg Screentime Conference, Irving Azoff, founder of Iconic Artists Group (IAG), shared that IAG has secured a significant stake in the Frank Sinatra estate. This strategic move continues to build on IAG’s impressive portfolio of iconic music legacies.
About the Acquisition
The specifics of the agreement between IAG and Frank Sinatra Enterprises (FSE) remain partially undisclosed, but it is understood that the deal encompasses extensive rights associated with Sinatra’s music and brand. This acquisition was confirmed by FSE, with a statement expressing their excitement about welcoming Irving Azoff and IAG to their team, highlighting their commitment to preserving and promoting Frank Sinatra’s illustrious legacy.
Impact on the Sinatra Estate
Since its establishment in 2007 by Sinatra’s family and Warner Music Group, Frank Sinatra Enterprises has been a custodian of Sinatra’s artistic contributions, managing his recordings from his Reprise era, and rights to his works with Columbia and Capitol. The integration of IAG is anticipated to further enhance the management and promotion of Sinatra’s works globally.
Expanding Iconic Artists Group’s Portfolio
IAG is not new to managing high-profile estates. The group previously entered into an agreement with the Dean Martin Family Trust to preserve and promote Dean Martin’s legacy, including his recordings, feature films, and television specials. This recent acquisition of Sinatra’s estate is seen as a continuation of IAG’s strategic expansion into the management of invaluable music legacies.
During the conference, Azoff engaged in a discussion with Lucas Shaw, Bloomberg’s managing editor of media and entertainment, where he also commented on the evolving landscape of music rights valuation, mentioning high-value catalogs such as The Beatles and Taylor Swift.
Moreover, Azoff highlighted the success of their management approach by pointing out the revenue growth of The Beach Boys since IAG’s involvement. IAG’s portfolio also includes other notable artists and estates such as Linda Ronstadt, Cher, Rod Stewart, and Nat King Cole.