Industry Jul 8, 2026

Primary Wave Acquires Kobalt, Forms $7 Billion 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, Forms $7 Billion Indie Powerhouse

Primary Wave has completed its acquisition of Kobalt, establishing a significant independent music entity valued at $7 billion. This strategic deal encompasses Kobalt's global operations, its extensive music catalog, and the digital collection society AMRA.

The transaction, initially reported in February, marks a major consolidation in the music industry. Originally reported by Billboard.