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Bing Crosby’s heirs sell real estate shares to boost his work | Work

New York (AP) — Harry Crosby was 19 years old when his father Bing died in 1977. However, if you go to a shopping center or party in December, you’re likely to hear your father’s voice singing “White Christmas.”

He and his family want to hear more of that voice for the other 11 months. On Monday, an agreement was announced to sell an equivalent stake in Bing Crosby’s ownership to Primary Wave Music.

This is another example of how catalog rights sales have become a booming business, mostly involving rock artists who write their own music. Examples are Bob Dylan, Paul Simon, Neil Young and Stevie Nicks. Crosby’s contract is most prominent, involving pre-rock artists who primarily interpret songs written by others.

The deal is estimated to exceed $ 50 million.

The younger generation knows Crosby best through a duet with David Bowie on “White Christmas” and “Little Drummer Boy” made for a special show shortly before his death. Few people remember that Crosby was a major recording artist and movie star.

“In the 30’s and 40’s, there were some that were absolutely top hits over the long term, but they just disappeared,” said Harry Crosby. “People associate dad with Christmas, but in the 40’s and 50’s they didn’t associate dad with Christmas. They associated dad with a lot of things, and that’s what I want to take home.”

His hits include “Pennies From Heaven,” “It’s been a Long, Long Time,” “Do n’t Fence Me In,” and “Accentuate the Positive.”

Crosby won the Best Actor Award in the 1945 movie “Going My Way” and produced seven “Road” movies with his friend Bob Hope. His relationship with golf is also remembered as he created his first professional amateur tournament and reportedly was a member of 75 golf clubs.

Crosby’s family, including his widow and two Harry brothers, was interested in a documentary series to tell Bing’s story.

Primary Wave’s top priority is to increase Crosby’s digital footprint, enhance his profile on Spotify, add his music to playlists and bring it to the unfamiliar generation, the company’s founder. Larry Mestel, also and CEO, said.

“We want to be in business and partner with the best of the greatest, regardless of genre or era,” says Mestel. Primary Wave also works with Count Basie and Ray Charles Estates.

He said the challenge was to instill the work of mature artists in a new youth culture. Unlike many of the rock era artists involved in such deals, Crosby is clearly not around to play or promote his work.

But while song publishing is central to many such deals, Mestel states that Primary Wave will consider more broadly how to bring the artist’s name to the world and, of course, make money from his portraits and work. rice field. He sees great potential in the characteristics of Crosby’s films.

“The way I see my dad isn’t just through the prism of music and movies,” Crosby said. “He was a pioneer in a variety of media, including technology, music, golf, sportsmanship, and hunting, and all the disciplines that came from them. There are many different things that describe humans.”

Crosby smiles when he hears “White Christmas” in public.

“I miss him very much,” he said. “It’s a time of remorse. It’s not painful, it’s exciting. It’s encouraging that he’s been recognized over and over again, all that he did and as hard as he worked. That is. “

Copyright 2021 AP communication. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.



Bing Crosby’s heirs sell real estate shares to boost his work | Work

Source link Bing Crosby’s heirs sell real estate shares to boost his work | Work

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