Celebrity Bond
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Celebrity Bond
A celebrity bond is commercial debt security issued by a holder of fame-based intellectual property rights to receive money upfront from investors on behalf of the bond issuer and their celebrity clients in exchange for assigning investors the right to collect future royalty monies to the works covered by the intellectual property rights listed in the bond. Typically backed by music properties, the investment vehicle was pioneered in 1997 by rock and roll investment banker David Pullman through his $55 million David Bowie bond deal. Background While a celebrity bond can cover any work of art whose future royalties are based in part on a widespread reputation of the creator of the work, celebrity bonds are usually music-based. For a music-based celebrity bond, the issuer seeks to put together intellectual property rights of one or various artists to "songs that have stood the test of time", typically " top-40 greatest hits across genres from jazz to rap to rhythm and blues". In ad ...
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Security (finance)
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than equities and Fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic ( dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning they entitle the holder to rights only if they appear on a secur ...
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Napster
Napster was a peer-to-peer file sharing application. It originally launched on June 1, 1999, with an emphasis on digital audio file distribution. Audio songs shared on the service were typically encoded in the MP3 format. It was founded by Shawn Fanning, Sean Parker, and Hugo Sáez Contreras. As the software became popular, the company ran into legal difficulties over copyright infringement. It ceased operations in 2001 after losing a wave of lawsuits and filed for bankruptcy in June 2002. Later, more decentralized projects followed Napster's P2P file-sharing example, such as Gnutella, Freenet, FastTrack, and Soulseek. Some services and software, like AudioGalaxy, LimeWire, Scour, Kazaa / Grokster, Madster, and eDonkey2000, were also brought down or changed due to copyright issues. Napster's assets were eventually acquired by Roxio, and it re-emerged as an online music store. Best Buy later purchased the service and merged it with its Rhapsody service on December 1, 2011, r ...
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Baby I Need Your Loving
"Baby I Need Your Loving" is a 1964 hit single recorded by the Four Tops for the Motown label. Written and produced by Motown's main production team Holland–Dozier–Holland, the song was the group's first Motown single and their first pop Top 20 hit, making it to number 11 on the US ''Billboard'' Hot 100 and number four in Canada in the fall of 1964. It was also their first million-selling hit single. ''Cash Box'' described it as "an intriguing rock-a-cha-cha beat pleader...that he Four Topscarve out with solid sales authority." ''Rolling Stone'' ranked the Four Tops' original version of the song at No. 400 on their list of the 500 Greatest Songs of All Time. Personnel * Lead vocals by Levi Stubbs. * Background vocals by Renaldo "Obie" Benson, Lawrence Payton, Abdul "Duke" Fakir, and the Andantes: Jackie Hicks, Marlene Barrow, and Louvain Demps. * Instrumentation by the Funk Brothers and the Detroit Symphony Orchestra (strings). **Piano by Earl Van Dyke **Bass by James Jam ...
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Holland–Dozier–Holland
Holland–Dozier–Holland was a songwriting and production team consisting of Lamont Dozier and brothers Brian and Eddie Holland. The trio wrote, arranged and produced many songs that helped define the Motown sound in the 1960s. During their tenure at Motown Records from 1962 to 1967, Dozier and Brian Holland were the composers and producers for each song, and Eddie Holland wrote the lyrics and arranged the vocals. Their most celebrated productions were singles for the Four Tops and the Supremes, including 10 of the Supremes' 12 US No. 1 singles, including "Baby Love", "Stop! In the Name of Love", and "You Keep Me Hangin' On". From 1969 to 1972, due to a legal dispute with Motown, they did not write material under their own names, but instead used the collective pseudonym "Edythe Wayne". When the trio left Motown, they continued to work as a production team (with Eddie Holland being added to the producer credits), and as a songwriting team, until about 1974. The trio ...
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Motown
Motown Records is an American record label owned by the Universal Music Group. It was founded by Berry Gordy Jr. as Tamla Records on June 7, 1958, and incorporated as Motown Record Corporation on April 14, 1960. Its name, a portmanteau of ''motor'' and ''town'', has become a nickname for Detroit, where the label was originally headquartered. Motown played an important role in the racial integration of popular music as an African American-owned label that achieved crossover success. In the 1960s, Motown and its subsidiary labels (including Tamla Motown, the brand used outside the US) were the most of the Motown sound, a style of soul music with a mainstream pop appeal. Motown was the most successful soul music label, with a net worth of $61 million. During the 1960s, Motown achieved 79 records in the top-ten of the ''Billboard'' Hot 100 between 1960 and 1969. Following the events of the Detroit Riots of 1967, and the loss of key songwriting/production team Holland–Dozier– ...
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Isley Brothers
Isley is an English surname. The name can also be used as an anglicized variant for the German surnames Eisele and Eisler. Notable people with the surname include: *The Isley Brothers, American musical group **Ernie Isley (born 1952), American musician and member of ''The Isley Brothers'' **Marvin Isley (1953–2010), American musician and member of ''The Isley Brothers'' ** O'Kelly Isley, Jr. (1937–1986), American musician and member of ''The Isley Brothers'' **Ronald Isley (born 1941), American musician and member of ''The Isley Brothers'' **Rudolph Isley (born 1939), American musician and member of ''The Isley Brothers'' ** Vernon Isley (1942–1955), American musician and member of ''The Isley Brothers'' *Albert Isley (1871–1953), American judge, lawyer, and politician *Alexander Isley (born 1961), American graphic designer *Ernie Isley (politician) (born 1937), Canadian politician *Henry Isley (16th century), English nobleman *Troy Isley (born 1998), American boxer See ...
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Ashford & Simpson
Ashford & Simpson were an American husband-and-wife songwriting-production team and recording duo of Nickolas Ashford (May 4, 1941 – August 22, 2011) and Valerie Simpson (born August 26, 1946). Ashford was born in Fairfield, South Carolina, and Simpson in the Bronx, New York City. Afterwards, his family relocated to Ypsilanti, Michigan, where he became a member of Christ Temple Baptist Church. While there, he sang with a group called the Hammond Singers (named after the founding minister, James Hammond). Later, Nickolas attended and graduated from Willow Run High School in Ypsilanti, Michigan, before pursuing his professional career, where he would ultimately meet his wife, Valerie. They met at Harlem's White Rock Baptist Church in 1964. After having recorded unsuccessfully as a duo, they joined an aspiring solo artist and former member of the Ikettes, Joshie Jo Armstead, at the Scepter/Wand label, where their compositions were recorded by Ronnie Milsap ("Never Had It So G ...
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James Brown
James Joseph Brown (May 3, 1933 – December 25, 2006) was an American singer, dancer, musician, record producer and bandleader. The central progenitor of funk music and a major figure of 20th century music, he is often referred to by the honorific nicknames "the Hardest Working Man in Show Business", "Godfather of Soul", "Mr. Dynamite", and "Soul Brother No. 1". In a career that lasted more than 50 years, he influenced the development of several music genres. Brown was one of the first 10 inductees into the Rock and Roll Hall of Fame at its inaugural induction in New York on January 23, 1986. Brown began his career as a gospel singer in Toccoa, Georgia. He first came to national public attention in the mid-1950s as the lead singer of the Famous Flames, a rhythm and blues vocal group founded by Bobby Byrd. With the hit ballads "Please, Please, Please" and " Try Me", Brown built a reputation as a dynamic live performer with the Famous Flames and his backing band, sometimes know ...
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Collateralized Mortgage Obligation
A collateralized mortgage obligation (CMO) is a type of complex debt security that repackages and directs the payments of principal and interest from a collateral pool to different types and maturities of securities, thereby meeting investor needs. CMOs were first created in 1983 by the investment banks Salomon Brothers and First Boston for the U.S. mortgage liquidity provider Freddie Mac. The Salomon Brothers team was led by Lewis Ranieri and the First Boston team by Laurence D. Fink, although Dexter Senft also later received an industry award for his contribution). Legally, a CMO is a debt security issued by an abstraction—a special purpose entity—and is not a debt owed by the institution creating and operating the entity. The entity is the legal owner of a set of mortgages, called a ''pool''. Investors in a CMO buy bonds issued by the entity, and they receive payments from the income generated by the mortgages according to a defined set of rules. With regard to terminol ...
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Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ...
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Securitization
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS). The granularity of pools of securitized assets can mitigate the credit risk of individual borrowers. Unlike general corporate debt, the credit quality of securitized debt is non- stationary due to changes in volatility that are time- and stru ...
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Atossa Araxia Abrahamian
Atossa Araxia Abrahamian ( fa, آتوسا آبراهامیان) is a New York-based journalist and a senior editor of ''The Nation''. Abrahamian is also the author of the 2015 non-fiction book ''The Cosmopolites: The Coming of the Global Citizen''. Life and career Abrahamian was born in Canada and grew up in Switzerland. Her parents, who are Iranians of Armenian and Russian descent, worked for the United Nations. She holds Swiss, Canadian and Iranian citizenship and speaks English, French, and Russian. Abrahamian is an alumna of the International School of Geneva. She earned an undergraduate degree in philosophy from Columbia College in 2008. She then earned her master's degree at the Columbia University Graduate School of Journalism. She began her career as a business journalist for Thomson Reuters. Abrahamian later served as editor for the magazine '' The New Inquiry'' and '' Dissent''. She also worked as an opinion editor for Al Jazeera America. In 2018, she was named a sen ...
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