Jampol Artist Management (JAM) isn’t one of the noisiest companies the music business, but it’s responsible for managing the intellectual property of everyone from Otis Redding to Kurt Cobain, Janis Joplin, Rick James and The Doors.
Now Los Angeles-based JAM is moving beyond just acting as caretaker for the material and reputation of such legendary names – by looking to buy ‘ iconic portfolios of intellectual property rights to a select group of legacy artists in music and other artistic media’.
This hunt is being bankrolled by Shamrock Capital Advisors, which has signed a partnership with JAM after announcing a $250m acquisition fund for entertainment acquisitions last month.
JAM and Shamrock say that they are ‘committed to stabilizing and nurturing’ the rights that they acquire, while ‘putting the legacy of the artists in a position to grow over the long term, and the works of the artist to be carried forward for generations to come’.
“Our intent is to own such rights in partnership with the artists or their estates and enhance the long-term value of the artist legacy, while leveraging the unparalleled experience, relationships and market knowledge of JAM, as well as the industry and capital markets expertise of Shamrock,” stated Patrick Russo, a partner at Shamrock.
“We created the pop culture legacy management business over 15 years ago, and now we are able to expand our offerings, in partnership with Shamrock, [to] the actual acquisition and ownership of iconic estates.”
Jeffrey Jampol, JAM
“Our critical mission at JAM is to preserve, promote and extend artists’ legacies over the long term,” said Jeffrey Jampol, founder and President of JAM.
“We created and founded the pop culture legacy management business over 15 years ago, and now we are able to expand our offerings to not only management, but in partnership with Shamrock, the actual acquisition and ownership of iconic estates.
“We can work hand in hand with artists, heirs and beneficiaries as managers, partners, or owners of artists’ works.”
“JAM is a leader in the legacy management sector. Jeff and his team have demonstrated a unique ability to manage complex rights and relationships with the express intent of keeping an artists’ legacy current for today’s marketplace. We are eager to partner with Jeff and his team to collectively pursue this strategy given their deep knowledge, insight and experience,” expressed Russo.
Jampol continued, “Authenticity, credibility and pure respect for art are the principles that guide us. We want to work with folks who are committed for the long haul, who respect the legacy of these artists, will not compromise credibility, and with whom we can work hand in hand carrying this art and these messages forward for new generations.
“Together, Shamrock and JAM present a new model, a different perspective, and a true partnership mentality. Working with artists, beneficiaries or owners of legacy properties, we can bring a level of experience, expertise, respect and authenticity which great art so richly deserves – and has often failed to garner.”Music Business Worldwide