To negotiate the acquisition of BrownвЂ™s estate, Mr.

Bauknight said the only beneficiaries of the estate are two trusts for education - one for BrownвЂ™s grandchildren, limited at about $2 million, and the other for needy children in South Carolina and Georgia, which was to receive the bulk of BrownвЂ™s estate - and the estate is not a party to BrownвЂ™s вЂњtermination rights,вЂќ or reclaimed songwriting copyrights. Bauknight said he had discussions with вЂњa number of players.вЂќ Terms of the settlement are confidential, but Mr. The deal with Primary Wave has been in the works for nearly four years, and Mr. He added that the value of the estate had grown over the years, and he cited the efforts of industry professionals he had hired to advise him. Bauknight defended it as accurate at the time of BrownвЂ™s death. Asked if the recent sale had not supported Ms. Pope, who was removed from her position in 2009, put it at $84 million. Bauknight estimated it at about $5 million, but Ms. Bauknight and Adele Pope, a former executor, have battled in court over the value of his estate. Hynie was not BrownвЂ™s wife.)ДЇor more than a decade, BrownвЂ™s heirs and estate administrators, including Mr. McMaster and a state judge who approved their agreement in 2009 - until South CarolinaвЂ™s Supreme Court struck their settlement down four years later, calling it a вЂњdismemberment of BrownвЂ™s carefully crafted estate plan.вЂќ (In 2020, that court ruled unanimously that Ms. They found a sympathetic attorney general in Mr. Hynie, along with five of BrownвЂ™s children, tried after BrownвЂ™s death to set aside his will and negotiate a settlement to give themselves significant shares of the estate. Even with her spousal status unclear, Ms. One part of that tangle involved Tommie Rae Hynie, a singer whom Brown wed in 2001 but later learned was already married to another man. вЂњAs big a tangle as youвЂ™ve ever seen,вЂќ Henry McMaster, now South CarolinaвЂ™s governor, told The New York Times in 2014, seven years after he became involved in the Brown estate as the stateвЂ™s attorney general. The infighting has encompassed numerous lawsuits in state and federal courts, costing millions of dollars in legal fees and leaving a convoluted public record. BrownвЂ™s dream of financing the scholarships, a dream delayed by one of the longest and most contentious estate conflicts in entertainment. The Primary Wave deal is a major move toward realizing Mr. Mestel called a вЂњsmall percentageвЂќ of some future deals to the scholarships, which are for underprivileged children in South Carolina, where Brown was born, and Georgia, where he grew up. The deal includes a provision for Primary Wave to contribute what Mr. вЂњWeвЂ™re looking at this as more of a partnership moving forward.вЂќ

вЂњItвЂ™s time to bring in someone of LarryвЂ™s expertise to take it to the next level,вЂќ Mr. He said that once the estate is closed, he will continue to work with Primary Wave as a member of a board handling some of BrownвЂ™s assets. Bauknight, a public accountant who has served as the estateвЂ™s personal representative, or executor, since 2009. The money from the transaction will be used to endow the Brown scholarship trust вЂњin perpetuity,вЂќ said Russell L. The price of the deal was not disclosed, but is estimated at about $90 million. вЂњJames Brown was one of the greatest musical entertainers of all time, and one of the greatest legends of the music business,вЂќ Mr. Those may include a Broadway musical, television shows and the creation of a Graceland-like museum attraction at BrownвЂ™s mansion in South Carolina, he said. Larry Mestel, the founder of Primary Wave - which did a similar deal for half of Whitney HoustonвЂ™s estate, and owns the largest interest in PrinceвЂ™s - envisions an array of new projects to honor BrownвЂ™s legacy and promote his music to new generations of fans. Primary Wave Music, a New York company that specializes in marketing estates and song catalogs, is buying the assets of the Brown estate, including music rights, real estate and the control over BrownвЂ™s name and likeness. But the mission of financing those scholarships has taken a major step forward under the terms of a new business deal. Since James BrownвЂ™s death 15 years ago, a plan by the soul and funk music icon to leave the bulk of his estate to scholarships for needy children has been delayed by torrents of litigation.

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