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The estate of the late composer, producer and bandleader Quincy Jones has signed a deal to sell large portions of his vast catalogue to HarbourView Equity Partners.
HarbourView announced Thursday that it had acquired 'select music and non-music assets' from the estate.
The investment firm will now receive royalties paid for Jones's compositions, but also the royalties he received as a producer on albums by .
HarbourView has not disclosed how much it paid for Jones's catalogue.
Jones, who , got his start as an in-demand jazz musician and film score composer, before becoming one of the highest-regarded producers of all time thanks to his collaborations with Jackson on a trio of blockbuster albums: Off The Wall (1979), Thriller (1982) and Bad (1987).
HarbourView's acquisition is the latest major catalogue sale from an iconic musician, after artists , , and have sold off their songs.
The estate of the late composer, producer and bandleader Quincy Jones has signed a deal to sell large portions of his vast catalogue to HarbourView Equity Partners
Jones, who died in November 2024 at 91, was an influential bandleader, composer and producer who rose to new heights when he produced Michael Jackson's blockbuster albums Off The Wall (1979), Thriller (1982) and Bad (1987); Jackson and Jones are pictured in 1984
Jones's daughter, the actress Rashida Jones, reacted to the sale in a statement on Thursday.
'Our father was endlessly curious and always ahead of his time,' she said. 'Long before anyone talked about "multi-platform," he was already building bridges and connecting the dots across music, film, television, publishing, technology and culture, creating iconic juggernauts like Thriller, The Color Purple, The Fresh Prince of Bel-Air and Vibe.
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'What made him extraordinary was his ability to see around corners and bring together the right people, ideas, and sounds to create timeless work again and again,' the Parks And Recreation star continued. 'As his children, our responsibility is to protect not only the catalog, but the spirit and love behind it. HarbourView understands that legacy and has the vision and expertise to help ensure that future generations can feel the full scope of his everlasting impact.'
Jones's daughter, Rashida Jones, said in a statement about the sale: Long before anyone talked about "multi-platform," he was already building bridges and connecting the dots across music, film, television, publishing, technology and culture'; pictured together in 2017
HarbourView will now get the royalties not just to Jones's compositions, but also his stake in hit songs featuring samples of his work, like Kanye West's Good Life and Ludacris's Number One Spot; Jones is pictured with his six Grammys at the 1991 ceremony
'We obviously have good economic terms [relative to the market]. We did all the things that we were supposed to do for the family, and they did right by us,' Clarke continued. 'But to me, it’s more an honor to have the responsibility of working with this family so closely to continue to exalt his legacy.'
