DAVID PULLMAN TO
SECURITIZE RON ISLEY
AND THE ISLEY BROTHERS CATALOG
Susan Blond Inc.
New York, NY
September 23, 1999
This week, David Pullman proudly announces the exclusive signing of Ron Isley and his Isley Brothers catalog. Mr. Isley is next in line for a music royalty securitization deal resembling those created by David Pullman, creator of all Pullman Bonds ™ including the Bowie Bonds ™, Holland Dozier Holland (Motown Hitmachine) Bonds, Ashford & Simpson Bonds and James Brown Bonds. The Isley Brothers' massive catalog includes over 50 chart R&B hits such as classics like "Shout," "Twist & Shout," "It's Your Thing," and "Fight The Power," and the group is highly respected for pioneering the ownership of record labels by black artists. There are over 200 songs in the Isley catalog.
A music royalty securitization is a financing of artist and publishing royalties which allows the original owner to keep 100% ownership of the assets which are financed. A securitization is not a sale of such assets and therefore is not a taxable event. The Pullman Group ® developed these deals to empower artistis and creators of entertainment and intellectual property.
Says Pullman, Founder and Chairman of The Pullman Group®, LLC, "I'm honored to be working with Ron Isley and the Isley Brothers catalog, artists who truly fought hard for everything they have in this business. I'm confident that our deal will bring them into yet another empowering phase in their long running career. 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."
Ron Isley, founding member of the Isley Brothers group
said, "I was drawn to work and sign with David Pullman and his Pullman
Group not only because he's done all the deals but because he respects artists
and creativity. Pullman clearly has decided to empower the artist and
creator. Pullman embodies the hit song we wrote, 'Fight the Power.'"
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