Troy Carter has been chosen to serve as entertainment advisor for Prince’s estate, Billboard reports.
Carter, the former manager for Lady Gaga and Meghan Trainor and founder/CEO of the Atom Factory, joined Spotify last June as the streaming service’s global head of creative services, and confirmed to Billboard that he continue on in that position simultaneously.
“It’s an honor to serve as entertainment advisor to Prince’s estate,” Carter said in a statement to Billboard. “His music, message and independent thought has been a major influence throughout my career. I’m humbled to work with his family and Comerica Bank to advance his musical legacy into the future.”
The management of Prince’s estate has been mired in Minneapolis’ Carver County District Court over the past few months, with Comerica Bank replacing Bremer Trust as special administrator overtaking the management of the estate.
Longtime industry executives Charles Koppelman and L. Londell McMillan, who had been serving as special music industry advisors to the estate, will no longer be involved in the estate moving forward, Billboard reports.
“Comerica Bank is proud to acknowledge that Troy Carter has been named entertainment advisor to the Prince estate,” read the bank’s statement released to Billboard. “His considerable music industry experience and expertise will be invaluable as the work of the Prince estate moves forward. In light of the confidential nature of estate settlement matters, however, we will have no further comment other than this acknowledgement.”
Prince died suddenly on April 21, 2016 at the age of 57. Over the past several months, his estate has struck deals for publishing rights (Universal Music Publishing Group), branding and licensing (Bravado), management of his NPG Records catalog and unreleased material (Universal) and for his music to return to streaming services like Spotify, Apple Music, Pandora and more.
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(Photo Source: AP, PR Photos)
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