Industry Jul 8, 2026

Primary Wave Acquires Kobalt, Forms $7B 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, Forms $7B Music Company

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

This deal, initially reported in February, marks a major consolidation within the music industry. Originally reported by Billboard.