Names and faces

Thursday, July 3, 2014

Lou Reed left an estate worth more than $20 million, his executors said in a new court filing that provides a glimpse of the value of the musical rights and other assets he acquired during a more than 40-year career. Reed's executors -- his business manager and accountant -- have tallied $20.3 million worth of copyrights, music-publishing interests and other assets, they said in court papers filed Monday in Manhattan. And the sum doesn't include the East Hampton, N.Y., home Reed bought for about $1.5 million in 2009 or his Manhattan apartment in a building where apartments sell for millions. Reed's lawyer and one of his executors didn't immediately return calls Tuesday about the filing, first reported by the New York Post. The filing is part of the legal follow-up to the Velvet Underground frontman and "Walk on the Wild Side" singer's will, filed shortly after his Oct. 27 death of complications from a liver transplant. The 71-year-old Reed, who had no children, bequeathed his wealth to his wife, musician Laurie Anderson, and his sister, with a special $500,000 bequest to his sister to care for their mother. With a monotone delivery and an air of watchful detachment, Reed sang about downtown denizens and down and outers in the gritty New York of the 1960s and '70s, sketching a city of damaged characters with a cynicism that never entirely squelched empathy. While "Walk on the Wild Side" was his only Top 20 hit, he and the Velvets are enduring favorites among rock connoisseurs for such songs as "Sweet Jane," "Heroin," "Pale Blue Eyes" and "All Tomorrow's Parties."

• Get ready to hear Loki sing. Tom Hiddleston, best known as Loki, a character from the The Avengers film franchise, will star in I Saw The Light -- a Hank Williams bio-pic set to begin shooting in Shreveport in October. The Times in Shreveport reports Millennium Studios made the announcement Tuesday on its Facebook page. Written and directed by Marc Abraham, I Saw the Light will chronicle Williams' rise to stardom and the effects of years of substance abuse that ended the performer's life at age 29. The film is based on a 1994 biography by Colin Escott. The studio says Hiddleston will do his own singing in the film. A preliminary release date is set for 2015.

A Section on 07/03/2014