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