Industry Jul 8, 2026

Primary Wave Closes Kobalt Acquisition, Creating a $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 Closes Kobalt Acquisition, Creating a $7B Indie Powerhouse

Primary Wave has completed its acquisition of Kobalt. This significant transaction unites Kobalt's global operations, music catalog, and the digital collection society AMRA under Primary Wave. The combined entity is valued at $7 billion. Originally reported by Billboard.