In the latest celebrity rights acquisition, it was announced recently that investment firm Hilco Consumer Capital has acquired 50% of House of Marley, LLC, the entity founded by the family of Bob Marley, for an estimated $20 million. A press release reports that the new owners will “spend whatever it takes to stop infringements on this business” and estimate that once the market is clear, Bob Marley could represent a billion dollar brand. Hilco has also invested in the intellectual property assets of other businesses such as Sharper Image and Linens ‘n Things. One of the key elements in such an acquisition is the Right of Publicity. Bob Marley is an evergreen property with tremendous potential.
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