Securitizing Stardust: The Legal Life of Bowie Bonds
TRENT ANDERSON—In 1997, David Bowie made waves in both the music and finance worlds by transforming his back catalog into a $55 million financial instrument. The first of what became known as “Bowie Bonds,” this deal allowed him to raise immediate cash by securitizing future royalties from twenty-five of his albums. Consistent with Bowie’s persona, […]

