Bowie Bonds

(redirected from Pullman Bond)

Bowie Bonds

An issue of bonds with a 10 year maturity collateralized by the royalties on all 25 albums David Bowie released before 1990. David Bowie issued the Bowie bonds in 1997 in order to raise the capital to buy the rights to a number of his songs owned by his former manager. In exchange, Bowie gave up the royalties to the songs he did own for a period of 10 years. Since 2007, Bowie has owned the royalties to all of his songs. Bowie bonds were one of the first bond issued collateralized by intellectual property, though several such bonds have been issued since.

Bowie Bonds

Debt securities collateralized by future earnings of singer David Bowie's song catalog. Issued in 1997, Bowie Bonds established a new category of securitized debt in which entertainers sold future royalties to investors. Similar bonds were subsequently created for the song catalogs of James Brown, the Isley Brothers, and the estate of Marvin Gaye.
References in periodicals archive ?
Intellectual Property Valuation & Securitization -- David Pullman: Founder, Chairman, and CEO of The Pullman Group, LLC and creator of the Pullman Bond, best known for the $55 million music royalties deal for David Bowie.
The Pullman Group,(R) LLC, the pioneer and foremost purveyor of entertainment and intellectual property securitizations (creator of all Pullman Bonds , including the Pullman Bond for David Bowie ), instituted a lawsuit against several of the key players in a joint venture conceived by David Pullman, Founder, Chairman and Chief Executive Officer of The Pullman Group,(R) LLC to finance a series of celebrity Pullman Bond issuances, similar to the Pullman Bonds the Pullman Group,(R) LLC has created and successfully completed for David Bowie, James Brown, Edward Holland, Brian Holland, Lamont Dozier of the Motown hit machine Holland Dozier Holland), Ashford & Simpson, The Isley Brothers, and, most recently, Marvin Gaye.
Last September, The Pullman Group, LLC announced the exclusive signing of Rudolph and Ronald Isley and their Isley Brothers catalog, putting the Isley Brothers next in line for a Pullman Bond music royalty securitization.
In September, 1999, The Pullman Group,(R) LLC announced the exclusive signing of Ron Isley and his Isley Brothers for completion of another groundbreaking Pullman Bond music royalty securitization deal.
With such an incredible body of work combined with the groundbreaking business sense they possess, The Isley Brothers were an ideal candidate for a Pullman Bond transaction.
al is the latest in the multi-billion dollar case of The Pullman Group,(R) LLC, (Creator of all Pullman Bonds,(TM) including the Pullman Bonds (TM) for David Bowie, Motown Hit Machine Holland Dozier Holland, Ashford & Simpson, James Brown, and The Isley Brothers) versus Prudential Financial et al.
Today in Albany, New York, in a just-released New York State Court of Appeals decision in the multi-billion dollar case of The Pullman Group,(R) LLC, (Creator of all Pullman Bonds,(TM) including the Pullman Bonds (TM) for David Bowie, Motown Hit Machine Holland Dozier Holland, Ashford & Simpson, James Brown, and The Isley Brothers) beat Prudential Financial et al.
Yesterday in a newly released Supreme Court Appelate Division First Department decision in the multi-billion dollar case of The Pullman Group,(R) LLC, (Creator of all Pullman Bonds,(TM) including the Pullman Bonds (TM) for David Bowie, Motown Hit Machine Holland Dozier Holland, Ashford & Simpson, James Brown, and The Isley Brothers) beat Prudential Financial et al.
In a just-released Supreme Court Appelate Division First Department decision The Pullman Group,(R) LLC, (Creator of all Pullman Bonds,(TM) including the Pullman Bonds (TM) for David Bowie, Motown Hit Machine Holland Dozier Holland, Ashford & Simpson, James Brown, and The Isley Brothers) won in a 5-0 unanimous knock-out decision in its multi-billion dollar case against Prudential Financial, Inc.
We've already created a new business archetype for the music industry with Pullman Bonds and now look forward to developing more innovative business models for artists and creators, especially the ones we've already completed deals with," commented David Pullman, founder and chairman of The Pullman Group.
The decision was announced this week in the State of New York Supreme Court case (Index # 01/600771) of The Pullman Group,(R) LLC, (Creator of all Pullman Bonds,(TM) including the Pullman Bonds (TM) for David Bowie, Motown Hit Machine Holland Dozier Holland, Ashford & Simpson, James Brown, and The Isley Brothers), v.
99/605210) of The Pullman Group,(R) LLC, (Creator of all Pullman Bonds,(TM) including the Pullman Bonds(TM) for David Bowie, Motown Hit Machine Holland Dozier Holland, Ashford & Simpson, James Brown, and The Isley Brothers.