There’s a major brand-new gamer in music brochure acquisitions – and it’s simply purchased Robbie Robertson’s rights

To make a splash in the music brochure acquisition videogame these days, you muchbetter come with a special method.

After all, giants of the monetary area – be it KKR [61 articles]”>KKR, Blackstone, Apollo and others – are now out there bankrolling 9 and even ten-figure music rights buyouts.

Olivier Chastan understands this world well: He was formerly CEO at Irving Azoff’s Iconic Artists Group, which last year obtained brochures from the likes of the Beach Boys, David Crosby, and Linda Ronstadt.

Today (February 4), Chastan hasactually taken the covers off his own acquisitive lorry – Los Angeles-based Iconoclast – with a headline-grabbing rights offer currently signed and sealed.

Iconoclast hasactually acquired Robbie Robertson’s music publishing and NIL (name, image & similarity) rights, plus his tape-recorded music interests, covering his profession to date.

Robertson composed and played on a run of strikes for famous rock group The Band, consistingof The Weight, The Night They Drove Old Dixie Down and Up On Cripple Creek.

Robertson likewise produced the genre-defining show movie The Last Waltz, directed by Martin Scorsese, and has inaddition cultivated a storied profession as a solo artist, movie author, manufacturer, author, and star.

(One anomaly: The underlying releasing rights to The Band’s 1968 launching album were owned by Bob Dylan, and gotten by Universal Music Group [2,562 articles]”>Universal as part of its Dylan brochure buyout in 2020; Robertson maintained the author’s share.)

Olivier Chastan informs MBW that Iconoclast has heavyweight monetary support.

When we probingly recommend out loud that his business can “compete with or even gobeyond” the financing of any of the big M&A gamers in today’s music market, Chastan responds: “I understand of the current fundraises, and that declaration is factually remedy.”

This is a huge remark: We wear’t requirement to advise you that the likes of Blackstone (via Hipgnosis) – among others – haveactually devoted a billion dollars-plus to music acquisitions in current months.

(MBW’s sources inform us that Iconoclast is being backed by Pimco, which has over $2 trillion in properties under management. Chastan declines to remark on that recommendation.)

To be frank, Chastan appears rather indifferent in talking about Iconoclast’s costs power.

The US-based French executive is much more stimulated by talkingabout Iconoclast’s method, which he states will be distinguished from lotsof in the market through its focus on “managing the general brandname and tradition of an artist, not simply their music rights”.


Since Chastan silently released Iconoclast last fall, he states the business hasactually finished 5 different music rights acquisitions.

Chastan includes that Iconoclast has a “strong focus on innovation”, consistingof immersive homeentertainment and blockchain.

He remarks: “We desire to drive the conversion to make tradition artists appropriate in the future of homeentertainment.”

“We desire to drive the conversion to make tradition artists appropriate in the future of homeentertainment.”

Olivier Chastan, Iconoclast

This technique manifested in an NFT sale last month, which saw Iconoclast partner with electronic music icon Giorgio Moroder and RM Sotheby’s.

That collaboration led to the sale of a “supercar plus NFT” bundle, consistingof the initial 1988 Cizeta-Moroder supercar owned and influenced by Moroder.

The bundle offered at auction in Arizona in late January for USD $1.36 million, surpassing Iconoclast’s preliminary expectations.


As part of the Robbie Robertson offer, exposes Chastan, The Band artist has signedupwith Iconoclast’s board – a signal, states the officer, of the nearness that his business is looking to strike with famous artists and songwriters.

Says Chastan of Robertson: “My enthusiasm for Robbie’s music began when I veryfirst heard Music From Big Pink as a 13 year-old kid. His advanced and cinematic tunes altered my life and have neverever left my musical universe.

“Our collaboration with Robbie shows our dedication to maintaining and growing culturally substantial art into the future. Our focus on ingenious brandname advancement and emerging innovation makessure that existing and brand-new fans will continue to experience Robbie’s amazing music over the years.

“I’m likewise happy to welcome Robbie as a innovative consultant to Iconoclast where he will contribute his important taste and creative insights.”

“Olivier’s deep gratitude for art and imagination instilled with his vision for the future of homeentertainment persuaded me that Iconoclast was the right partner to delegate with the tradition of The Band and my brochure.”

Robbie Robertson

Robbie Robertson included: “Olivier’s deep gratitude for art and imagination instilled with his vision for the future of homeentertainment persuaded me that Iconoclast was the right partner to delegate with the tradition of The Band and my brochure”.

Peter Paterno and Michael Rexford of King, Holmes, Paterno & Soriano, LLP represented Iconoclast, and Gary Stiffelman of GSS Law represented Robbie Robertson in the deal.Music Business Worldwide

Source: There’s a severe brand-new gamer in music brochure acquisitions – and it’s simply purchased Robbie Robertson’s rights.

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