Primary Wave Nears Deal to Acquire Kobalt, Creating $7B Indie Music Powerhouse

Primary Wave is nearing a deal to acquire Kobalt, a global music administration company, in a move that would create a $7 billion indie music powerhouse. The acquisition would merge Primary Wave's multibillion-dollar catalog with Kobalt's global admin, tech, and royalty infrastructure.

According to a report by Billboard, the deal is expected to be finalized in the coming weeks. The acquisition would be a significant move for Primary Wave, which has been expanding its presence in the music industry through various deals and investments.

Kobalt, on the other hand, has been a major player in the music administration space, providing services such as royalty collection and music publishing to artists and labels. The company has also been at the forefront of the music industry's shift towards digital distribution and streaming.

The acquisition would create a powerful entity in the music industry, with a combined catalog of over $7 billion in value. The deal would also give Primary Wave a significant presence in the global music administration market.

The acquisition is expected to be finalized in the coming weeks, pending regulatory approval. The deal would be a significant move for Primary Wave and Kobalt, and would have a major impact on the music industry as a whole.

Sources

[1] Primary Wave Nears Deal to Acquire Kobalt, Which Would Create a $7B Indie Music Powerhouse