‘This is the pop culture legacy business’: JAM Inc manages artists after demise
Jeffrey Jampol has become the go-to guy for managing boulder estates, avoiding the kind of legal chaos that has paralysed many legends fortunes
No one here gets out alive, as rock legend Jim Morrison once sang. But sadly for many of the boulder greats it has become almost a cliche that successful musicians and groups are more valued in the grave than in life.
Few people understand that better than Jeffrey Jampol, an L-Abased specialist whose JAM Inc manages the stone estates of Otis Redding, Kurt Cobain, the Doorways, Rick James, Ramones and Muddy Waters among others, as well as advising the co-executors of Michael Jacksons estate.
With the roll call of possibilities names Jampol could add to his stable increasing as the grim reaper goes about his harvest in rocknroll dorm of notoriety, Jampol tells the heirs to these estates face two key challenges: how to prevent the kind of legal chaos that has paralysed many legends lucks, like the mess that took over James Browns estate following his death in 2006, and how to protect and manage that legacy once freed of warring heirs and cliques.
Jampol, who at one time helped manage New Order in the US, has become the go-to guy for this type of management. Getting it right can generate a fortune.
Michael Jacksons estate is far wealthier now by virtue of the fact that the vocalist is not around to expend the proceeds or set a wrench in managements plans. The King of Pop has earned more than$ 1bn before taxes since his death, according to Forbes,enough to pay off his personal debts and then some.
The same is true of the Ramones. The bands lucks suffered from a long war of attrition between Joey, the vocalist, and Johnny, the guitarist, that was carried on by their heirs long after their demises. Jampol helped to settle grievances so that the current Ramones show at the Queens Museum in New York could take place.
This is not the music business. This is the pop culture legacy business. I tell clients, if you think its about the music, youve already failed, Jampol told the Guardian. By that logic, youd suppose the magic of James Dean was his acting. It wasnt.
Merely re-issuing an artists work is not enough. Even in the case of Prince, who died intestate( without a will ), the mysterious vault said to contain hundreds of unreleased tracks might be no more than a curiosity to collectors that does little to connect Prince to a new generation of fans the lifeblood of any legacy act as established fans are lost to natural attrition.
Read more: www.theguardian.com