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|NFC News Percentage of Nirvana publishing rights sold|
As reported here previously, Courtney Love has been trying to sell 25% of the publishing rights to the Nirvana catalogue. The sale has now been completed, apparently. According to Rolling Stone, the lucky buyer is Larry Mestel of Primary Wave Music Publishing, former COO/GM of Virgin Records. He reportedly paid more than $50 million for the rights. At this point, there's no word on what this will mean for Nirvana's music in the future.
" 'I took on a strategic partner, Larry Mestel, to help me co-manage the estate because it was overwhelming,' Love explains. 'The affairs of Nirvana are so massive and so huge, and they've all fallen on my lap. I own almost all of [the publishing], . . . and it proved to be too much for me. I needed a partner to take Kurt Cobain's songs and bring them into the future and into the next generation. And this guy's the guy to do it.'
Mestel says his three-month-old company, Primary Wave, is thrilled to have bought into an American musical legacy. 'The appeal to me is that [Kurt was] one of the most important songwriters of his time,' Mestel says. 'Kurt was an incredible songwriter, and Courtney is an exceptionally talented person herself. So I felt the combination of Courtney's creativity and the things I can add can really help in creating more value for these copyrights.' " You can read the full story here, courtesy of Rolling Stone.
|Posted or updated: 03-31-2006 @ 5:46 AM (GMT) by RH.|
|NFC News Guitar World Legends: Nirvana special|
The magazine also includes transcriptions of four Nirvana songs ("Smells Like Teen Spirit", "Heart-Shaped Box", "On a Plain" and "All Apologies"). Get more info about the issue here.
|Posted or updated: 03-28-2006 @ 8:41 AM (GMT) by RH.|
|NFC News House that hosted first Nirvana concert is for sale|
"This adorable little house is located on a 70 X 80' lot in the Willapa Valley, a nice rural farming community in the state of Washington. Located 50 miles west of the I-5 corridor, 20 miles form the Pacific Ocean and within 200 yards of the willapa river, which is famous for salmon and steel head. The house has a fenced yard, including a small greenhouse, it is a 2 bedroom 1 1/2 bath with attached garage and carport."
So if you're looking to buy a new house in the area, and have a couple of hundred thousand gs to spend, maybe this is your new home! You can bid on the property and find more details here.
|Posted or updated: 03-26-2006 @ 5:22 PM (GMT) by RH.|
|NFC News Bono to buy stake in Nirvana publishing rights?|
The catalogue is reported to have a total value of up to $100m (£57m). Love has said that she wants a partner to co-manage the catalogue, which she finds a large responsibility.
Other groups thought to be in the frame are understood to be Sanctuary, the music group, and Chrysalis, the media group. Chorion, the intellectual property rights company, has also been mooted as a potential buyer although industry insiders have questioned the fit between its brands - which include Mr. Men and Enid Blyton - and Nirvana. A media executive said that Nirvana's songs would be a good asset. However he cautioned that a minority stake would make any acquirer a 'passenger on Love's bus'." As of this moment, no official statement has been made concerning the sale. Read the complete story here.
|Posted or updated: 03-26-2006 @ 5:12 PM (GMT) by RH.|
|NFC News Kurt Cobain's wild widow comes from a long line of misbehaving mamas!|
Courtney's own book, which is comprised partly of reproductions of her dairy pages (similar to the Kurt Cobain journals book), is bound to contain a number of stories about her relationship with Cobain.
Hank Harrison, Love's father, is also publishing a book this year: "Hank Harrison, Linda's estranged first husband and Courtney's estranged bio dad, plans to publish his retort, tentatively titled Love Kills: The Assassination of Kurt Cobain (Arkives Press), in Dirty Blonde's publicity slipstream. 'I will prevail in this debate,' Hank insists, promising to deliver his not widely shared views on Cobain's death, a counterbalance to Linda's 'maudlin diatribe,' the identity of Linda's actual father, plus 'dozens of pictures never before seen by anybody.' " All quotes and the picture is courtesy of the Seattle Weekly.
Read the complete article, which includes an interview with Courtney's mom, here.
|Posted or updated: 03-23-2006 @ 5:36 PM (GMT) by RH.|
|NFC News More pictures of Kurt Cobain action figure|
|Posted or updated: 03-21-2006 @ 11:26 AM (GMT) by RH.|
|NFC News Report: Courtney Love to sell 25% of the Nirvana catalogue|
In today's edition of The Sunday Mirror, they are once again reporting that Courtney Love is prepared to sell her rights to the Nirvana back catalogue. This time, they have a quote from her to back it up: "It's not a fire sale or anything but I'm selling 25 per cent of the catalogue for quite a lot of money."
In December, The Sunday Mirror reported that she was selling the 25% to US lifestyle guru Martha Stewart. This has not been backed up officially, or by any other reliable source, however, and is mostly treated as tabloid fodder.
Apparently Courtney's remark comes from her recent visit to the UK: "Courtney has been in England to see friends including Sting's wife Trudie Styler and Hollywood actor Woody Harrelson. And she has lined-up a Channel 4 documentary to be shown this autumn about the making of her forthcoming solo album. She has also been talking with West End producers about a Shakespeare play." The rest of the article in today's paper gossips about her relationship with British comedian Steve Coogan. Read the full piece here.
Update: Apparently Courtney also spoke with NME about the sale. "I have decided that I need some co-management and a strategic partner [to help me] as it's such a huge responsibility," Love told NME.COM of her Nirvana plans. "This is the right thing to do for my family...whoever I do this deal with, I really have to like." Story courtesy of NME.
|Posted or updated: 03-12-2006 @ 12:35 PM (GMT) by RH.|
|NFC News Krist Novoselic's bass up for auction|
According to Nirvana bassist Krist Novoselic, young voters are. Novoselic has donated the bass guitar he played in Nirvana's final tour to help fund Music for America (MFA), a non-profit organization that registers, educates and engages young people in politics.
'I am committed to increasing participation in democracy,' says Novoselic. 'Music For America is an organization that gets people involved. I'm happy to contribute my Black Eagle Ibanez bass to such an effort.'
The Nirvana bass is the most notable of many rock, hip-hop, and political collectables and experiences that MFA will auction off during the organization's first ever Icon Awards show in San Francisco. The awards ceremony will recognize musicians, politicians, businesses, donors and activists who join MFA in its mission to engage young people in progressive politics.
The auction began online on eBay.com on March 2, and will end with a simultaneous online and offline bidding war at 9 p.m., March 9, during the MFA Icon Awards in San Francisco. To bid on this priceless bass guitar played on Nirvana’s last tour, go here
The Icon Awards is MFA's largest fundraiser of the year and will take place at Terra, located at 511 Harrison Street in San Francisco, beginning at 7 p.m. Dinner and cocktails will be served.
All proceeds from the auction will go to support Music for America, a non-profit organization with 60,000 young members and 350 partner bands. MFA is launching a national program to register 50,000 young voters via text messaging in 2006.
To buy tickets or for sponsorship information about Music for America's 2006 Icon Awards, visit: www.musicforamerica.org/iconawards." Thanks to Molly and MFA.
|Posted or updated: 03-08-2006 @ 3:33 PM (GMT) by RH.|
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