James Brown To Float Bonds
Godfather of Soul James Brown will make a $100 million bond
offering, according to the Pullman Group, the securities company that
organized the deal. The bonds will be repaid through future publishing
and other royalties on 750 songs, including "I Got You (I Feel Good)"
and "Super Bad." Art-rocker David Bowie pioneered such offerings
in the music world two years ago with his Bowie Bonds, also organized by
Pullman head David Pullman. Since then, such artists as the heavy metal
band Iron Maiden and the Motown songwriting team of Brian Holland, Lamont
Dozier and Eddie Holland have floated similar deals.