Iconic Artists Group, the company led by music industry veteran Irving Azoff, has reportedly acquired Frank Sinatra’s name, image and likeness rights.
Bloomberg reported the news on Sunday (October 12) and said that Azoff plans to create a Rat Pack-themed venue in Las Vegas.
Speaking at Bloomberg’s Screentime conference last week, Azoff confirmed that the company “recently acquired a chunk of the Sinatra estate.”
He added: “We [now] have all the Rat Pack. We have Dean Martin. We’re very diverse. We have Cher.”
Frank Sinatra Enterprises confirmed the deal in a statement sent to MBW: “Frank Sinatra Enterprises, Tina Sinatra, and Warner Music Group are delighted to welcome Irving Azoff and Iconic to the dedicated team serving the life’s work and legacy of Frank Sinatra.” The Sinatra deal represents another significant move by Azoff’s company in the heritage artist space and follows a series of major acquisitions by Iconic over the past several years.
In February 2021, the company acquired a controlling stake in the Beach Boys’ intellectual property, including the band’s sound recordings, brand, select musical compositions, and memorabilia, in what Bloomberg reported at the time was valued between $100 million to $200 million.
Azoff said at Bloomberg’s Screentime conference last week that “The Beach Boys’ [revenues] are up over double since [IAG] got involved with them”.
