Industry Jul 8, 2026

Primary Wave Acquires Kobalt, Forming $7B Indie Powerhouse

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 Powerhouse

Primary Wave has completed its acquisition of Kobalt, a deal that encompasses Kobalt's global operations, music catalog, and the digital collection society AMRA. This acquisition establishes a new independent music entity valued at approximately $7 billion. Originally reported by Billboard.