41st Annual ABA Forum on the Entertainment and Sports Industries Conference

On Sunday, October 13th, Derek Crownover was the lead facilitator for the panel titled “Death, Taxes, and Rock ‘n’ Roll Part 2: Valuations of Creative Intellectual Property and Legacy Entertainment Estates” at the ABA Forum on the Entertainment and Sports Industries 41st Annual Conference in Las Vegas, Nevada. The panel included Bradford Cohen (Partner - Jeffer Mangels Butler & Mitchell, LLP, Los Angeles, CA), Nancy Fannon (CPA, ASA, MCBA, Business Valuation & Litigation Services Leader, Marcum, LLP, Portland, ME), Mark Roesler (Founder, Chairman and CEO, CMG Worldwide, Los Angeles, CA) and Chuck Fleckenstein (General Manager & Chief Operating Officer, “Roy’s Boy’s” and Still Working Music, Nashville, TN).

The session explored the factors and considerations that underpin the valuation of legacy entertainment estates, including intellectual property assets and rights of publicity, particularly at time-of-death. Topics included tax implications, valuing rights of publicity, commercialization strategies, and ongoing estate planning/administration considerations.