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How Joint Venture Was Developed for Touring Bands
This year, three bands boarded a vintage train for a tour through the American Southwest, performing concerts in five cities beginning in Oakland, CA, and ending in New Orleans. The bands ' Mumford & Sons, Edward Sharpe & The Magnetic Zeros and Old Crow Medicine Show ' formed a joint venture to manage their Railroad Revival Tour and control revenues and related intellectual property, including a documentary DVD. Matthew V. Wilson, an associate at Atlanta, GA's Arnall Golden Gregory who structured the deal, describes the arrangement in the following interview.
Q: What kind of deals have you handled before for music groups?
A: I am a general corporate lawyer for the most part, but have been involved in various entertainment deals through other lawyers at my firm, most of which have been on the local front. Everything from venue-type contracts with artists, booking bands from the venue standpoint, to publishing deals from the artists' standpoint and contracts between managers and/or promoters and their respective venues and/or bands. This is the first national-in-scope deal I've been involved in.
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