Industry Jul 8, 2026

Primary Wave Acquires Kobalt, Forming $7B Indie Music Company

The deal, which was first reported in February, includes Kobalt's worldwide operations, catalog and digital collection society AMRA.

Originally published by Billboard
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Primary Wave Acquires Kobalt, Forming $7B Indie Music Company

Primary Wave has finalized its acquisition of Kobalt, a transaction that establishes a significant independent music entity valued at $7 billion. The acquisition encompasses Kobalt's global operations, its extensive music catalog, and the digital collection society AMRA. This deal was initially reported in February. Originally reported by Billboard.