Independent publisher and music assets management firm Primary Wave Music, in partnership with Brookfield Asset Management, have closed Primary Wave Music IP Fund 4, which received total commitments of $2.225 billion. IP Fund 4 was backed by an investor base that includes insurance companies, pension funds, endowments, and large family offices. It's the fourth consecutive oversubscribed Primary Wave Fund. It has exceeded its original target of $1.5bn as well as its hard cap of $2bn.

Primary W...

Nashville-based Big Machine Records has signed Country and Americana singer-songwriter and multi-instrumentalist Naomi Carman (pictured, left) to a global recording agreement. Cincinnati-born 23-year-old Carman is the first signing for Big Machine Records since Founder and Chairman Scott Borchetta (pictured, right) reacquired the label in February from HYBA America and launched Borchetta Entertainment Group (B.E.G.). “From the moment I met Naomi, I felt I’d met a timeless artist,” said Bif Mach...

Independent music publisher Primary Wave Music has acquired a share in the publishing catalogue as well as share in the name, image, and likeness rights of the late American singer and songwriter Harry Chapin. The deal will see Primary Wave provide the estate of Chapin access to its "marketing team and publishing infrastructure, working closely on new marketing, branding, digital, and synch opportunities, as well as film & television projects." “My family is incredibly impressed with Primary...