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Creative Industries

Primary Wave on the blocks to acquire Kobalt Music Group — Report

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Primary Wave, the New York-based music asset management company, is reportedly in "advanced stages" of considering a bid to acquire independent music publisher Kobalt Music Group, in a deal that would combine catalogues with a market value of $7 billion, according to a report from Billboard. Billboard estimates that Primary Wave’s portfolio has a value close to $6 billion, while Kobalt was worth $750 million when the company was acquired in 2022 by a group of investors led by Francisco Partners....

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Aya Nakamura renews global publishing agreement with Warner Chappell Music

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Malian French singer and songwriter Aya Nakamura (pictured, right) has renewed her worldwide publishing agreement with Warner Chappell Music (WCM), the publishing division of Warner Music Group. The deal, signed via WCM's French affiliate, extends a partnership that began in 2017. Nakamura said: “Warner Chappell Music has been a partner and a source of support for me since my beginnings, and I’m very happy to continue this collaboration with Matthieu and his team.” In 2018, Nakamura, who blends ...

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Creative Industries

Evan Bogart’s Seeker Music Group secures $267 million in asset-backed funding

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Independent music company Seeker Music Group has successfully finalised its inaugural $267 million Asset Backed Securitisation (ABS) financial agreement, backed by savings and investment business firm M&G Investments. The funds will enable Seeker "to continue expanding its music catalogue, invest in creative talent and modernise rights management through technology," said the company in a statement. The notes, backed by Seeker Music’s recording and publishing portfolio, were rated by Fitch, ...

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Creative Industries

Primary Wave Music makes investment in Vietnamese company POPS Music

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Independent publisher and music assets management company Primary Wave Music has made a strategic investment in POPS Music, home to a catalogue of Vietnamese and regional repertoire. Terms of the deal will see Primary Wave invest capital in the company, the details of which have not been disclosed, and provide additional resources to POPS Music "for further Southeast Asian catalogue investments to accelerate its IP growth in the region." The injection of capital will allow the company's team "to...

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