#1 out of 20
business18m ago
Music Industry Moves: Avex Secures $100 Million for Catalog Acquisitions, Harry Chapin Estate Partners With Primary Wave
- Avex Music Group launches a $100 million fund for catalog acquisitions funded by equity and debt with City National Bank.
- First acquisition under the new deal is the Infamous catalog, including Teddy Swims and collaborators like Lil Wayne and Charlie Puth.
- Avex’s broader strategy includes Bruno Mars’ publishing administration partnership and a distribution deal with The Orchard.
- Primary Wave Music will partner with the Harry Chapin estate to manage Chapin’s music, name, image, and likeness.
- Harry Chapin’s family expresses enthusiasm, saying they are excited to introduce Chapin’s music to wider and younger audiences.
- Concord’s acquisition by BMG and Mothership Music Publishing deal expand catalog and publishing reach in the industry.
- Allison Jones is promoted to executive vice president of A&R at Big Machine Records/Nashville Harbor Records & Entertainment.
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