Tom Petty 12/19/19

Tom Petty‘s widow and her estranged stepdaughters will now equally manage a new partnership to handle the late-rocker’s estate. The news comes only days after Petty’s widow — Dana York Perry — settled a $5 million suit brought against her by Petty’s two adult daughters from his first marriage, Adria Petty and Annakim Violette.

The unified Petty family formed a new LLC called “Tom Petty Legacy” to manage all aspects of his estate, with Red Light Management set to “guide, advise and execute on behalf of the estate.” In a joint statement, Dana, Annakim and Adria Petty said, “We are committed to honoring Tom’s voice, music, integrity and his charitable spirit.”

Rolling Stone posted a statement from the estate which reads in part, “Each of them sincerely regrets that in their intense grief over Tom’s tragic death, actions were taken that were hurtful to one another (and have) resolved their differences and dismissed all litigation matters . . . Each member of the family will have equal standing in Tom Petty Legacy, LLC and will work together on all future endeavors. The business will build upon Tom’s 40-plus years of great music and his historic career.”

TL; DR

  • Tom Petty‘s widow and her estranged stepdaughters will now equally manage a new partnership to handle the late-rocker’s estate.
  • The news comes only days after Petty’s widow — Dana York Perry — settled a $5 million suit brought against her by Petty’s two adult daughters from his first marriage, Adria Petty and Annakim Violette.
  • Each member of the family will have equal standing in Tom Petty Legacy, LLC and will work together on all future endeavors.

DID YOU KNOW???

  • Adria Petty and Annakim Violette sued their stepmother, Dana York Perry, claiming she “superseded the daughters’ rights to ‘equal participation’ over decisions involving the singer’s estate and catalog.”
  • The suit, which was settled on December 10th, was said to have delayed the release of such Petty archival projects as the posthumous box set, An American Treasure, and the still-unreleased and long-awaited, 25th anniversary edition of Petty’s 1994 Wildflowers album.

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