


Courtney Love is losing control over her late husband’s estate.
Sure, Love has taken her band Hole back on tour, and has been doing art shows and other projects for money, but her biggest money-maker, her late husband’s estate, is slipping through her fingers.
The Fix is reporting they have obtained legal documents that show that 19-year-old Frances has taken responsibility over the publicity rights for her father’s “name, likeness, and appearance”.
From The Fix:
“The documents show that Love agreed to step down as Acting Manager of End of Music LLC—the business entity responsible for generating cash from Cobain’s publicity rights—once she’d received a $2.75 million loan from Frances’ trust fund in 2010. The massive loan was transferred from Frances’ fund to EOM in Los Angeles, and then into an account held by Courtney’s then-lawyers, Pryor Cashman, in New York. Until Courtney pays it back, she won’t receive a dime from Kurt’s name, likeness or appearance from the deals formed by Frances and her advisers since December 2010.”
Apparently once Frances turned 18 in August 2010, she took ownership of her trust fund. Currently the feuding mother and daughter are in a legal battle over ownership of Cobain’s belongings, which includes musical equipment, clothing, and his art. As of now, Frances owns around 40% of these items, and Courtney owns around 60%.
As for the rights to Nirvana’s music, it seems neither one has control over them. Larry Mestel, of Primary Wave Music, owns 100% of the administrative rights of Cobain’s music, and 50% of his publishing rights.
Wow…this has got to be driving Love bonkers. I have a feeling, the more she loses her hold on her late husband’s estate, the crazier her antics will get. The desperation is not going to be pretty.
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