From the Fix:
The documents show that Love agreed to step down as Acting Manager of End of Music LLC—the business entity responsible for generating cash from Cobain’s publicity rights—once she’d received a $2.75 million loan from Frances’ trust fund in 2010. The massive loan was transferred from Frances’ fund to EOM in Los Angeles, and then into an account held by Courtney’s then-lawyers, Pryor Cashman, in New York. Until Courtney pays it back, she won’t receive a dime from Kurt’s name, likeness or appearance from the deals formed by Frances and her advisers since December 2010.
Frances also has the final say-so in business agreements negotiated by the attorney and now acting manager of EOM David Byrnes, of Ziffren Brittenham in LA. Love remains a company member, but without the power to make decisions on anything bearing the likeness of Cobain, who committed suicide on April 5, 1994.
So basically, Courtney Love is flat broke, taking loans from her nineteen-year-old daughter, hooked on drugs, and she has no friends.
And this is news? Well, yes. The part about losing the rights to market Kurt Cobain in any way, shape, and form—that’s new. It’s not surprising, but it’s new, and it’s definitely one step out of many to come in the gradual disintegration of the drug mummy we’ve all come to know as Courtney Love.
Way to go, girl!