business / news / / Billboard
Primary Wave’s portfolio, which includes stakes in the catalogs of Prince, Whitney Houston, Bob Marley and recently Britney Spears, is worth nearly $6 billion.
Primary Wave is nearing a deal to acquire Kobalt Music Group for over $1.5 billion.
KEY POINTS
- If completed, the acquisition would give Primary Wave its first in-house publishing administration platform and AMRA.
- Kobalt's joint venture with Morgan Stanley has acquired rights to catalogs like *NSYNC and AJR since 2022.
- Kobalt's recent financials show a $30.24 million loss in 2024 chiefly due to doubled administrative costs.
- Kobalt's joint venture acquisitions are highly leveraged and are kept off the company's consolidated balance sheet.
COMPANIES
Summarized by Newsio from Billboard. How we summarize →