The estate of late country music star Charlie Daniels has sold a stake in the singer’s music catalog to Bob Frank Entertainment.
The stake includes tracks such as “The South’s Gonna Do It (Again)” with Keith Urban on guitar, “Long Haired Country Boy” with Brooks & Dunn, “Southern Boy” with Travis Tritt, and a live version of “The Devil Went Down to Georgia.”
The terms of the deal have not been disclosed. However, Bob Frank Entertainment will now be equal partners with Blue Hat Records and the Daniels estate, with each owning one-third of the music assets.
Blue Hat Records is a label launched by Daniels and his manager David Corlew, while the estate is overseen by Daniels’ wife, Hazel, and his son, Charlie Jr.
“This transaction will be the first of many for BFE’s new privately funded investment arm, Red Shark Ventures, which is focused on catalog masters,” said BFE CEO Bob Frank. “What better way to launch this effort then with our long-time partner Blue Hat Records who we have been in business with for over 20 years. With such a deep and historic archive, we already have a strong release schedule through 2023.”
Noting their 20-year business relationship, Corlew said in a statement, “This purchase allows us to work even closer with Bob and his team to continue Charlie’s musical legacy in a much larger way. Bob has many years of experience with major labels and distribution, which will allow us to reach into a global market that we haven’t really touched, as well as provide a new domestic awareness to one of the oldest independent artist-owned labels. Hazel, Charlie Jr., and I are very excited about this new venture.”
“Charlie Jr., David and I are thrilled to welcome Bob into our family,” Hazel Daniels said in a statement. “Charlie loved working with him so we feel this partnership is a perfect fit.”
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