In a significant and heartwarming move, Kevin Jonas Sr., father of the famous Jonas Brothers, has purchased a partial catalog of the band’s music. The deal, made public on July 22, marks a full-circle moment for the family, as it combines business with personal pride and legacy.
Kevin Sr. shared with his sons, “I don’t know that anybody can love your music any more than I do or be any more proud of you,” highlighting the deep emotional connection he feels toward their success.
The Deal and Financial Details
Kevin Sr., 60, financed the purchase with a $300 million debt package supported by companies like Corrum Capital, Bardin Hill, Cliffwater, and One William Street.
While the exact cost of the assets hasn’t been disclosed, the deal involves acquiring the publishing and recording rights to several of the band’s albums, including The Album, Happiness Begins, and their upcoming album Greetings From Your Hometown. Additionally, the sale includes one-off singles such as “Like It’s Christmas” and “Remember This.”
A Family Affair in Music Management
The Jonas Brothers’ journey has always been closely tied to their father. Kevin Sr. was not just a supportive parent but also an early manager of the band. Along with Phil McIntyre, he co-managed the Jonas Brothers in the early stages of their career.
Kevin Sr.’s company, Jonas Entertainment Group, has long been involved in managing the family’s music business through various arms like Jonas Group Publishing, Red Van Records, and Jonas Group Entertainment.
The Brothers’ Control Over Their Legacy
The Jonas Brothers have always been proactive in maintaining control over their music. In 2012, they left Disney’s Hollywood Records, buying back their master recordings, merchandise, and publishing rights. Since then, they’ve maintained full ownership over their business and music, ensuring their creative and financial independence.
The brothers expressed in a statement that selling their rights to their father’s company feels like a “coming full circle” moment for the family.
Looking Ahead
Despite the sale of certain rights, the Jonas Brothers still retain control over their first four albums: It’s About Time (2006), Jonas Brothers (2007), A Little Bit Longer (2008), and Lines, Vines, and Trying Times (2009). Their upcoming album, Greetings From Your Hometown, is set to release on August 8, and fans can already pre-order it.
In conclusion, this deal represents a significant moment in the Jonas Brothers’ career, showing not only their business acumen but also their strong family bond. By involving their father in this aspect of their legacy, they continue to reinforce the importance of family and creativity in their journey.
