Primary Wave has acquired a stake in the catalogue of hip-hop legend the Notorious B.I.G.
Financial terms for the deal – which was unveiled in a report in the Wall Street Journal – were not disclosed. But, according to the WSJ, the estate is valued at $200 million.
The agreement with Primary Wave covers a 50% interest in the estate of the Notorious B.I.G., including publishing and recordings, as well as his name, image and likeness.
The rapper’s mother, Voletta Wallace, who died last month, had been closely involved in the negotiations.
“The estate and Primary Wave will collaborate on all business moving forward in an effort to continue the incredible and innovative work done thus far with one goal in mind, to keep the legacy of the Notorious B.I.G. alive,” the company said in a statement.
Primary Wave's recent work with artist estates includes major Whitney Houston projects such as the biopic and hologram tour.
Notorious B.I.G. (Christopher Wallace), who was murdered aged 24 in 1997, is recognised as one hip-hop’s greatest artists – read industry figures on his groundbreaking albums from our 50 Years Of Hip-Hop edition of Music Week.
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Financial terms for the deal – which was unveiled in a report in the Wall Street Journal – were not disclosed. But, according to the WSJ, the estate is valued at $200 million.
The agreement with Primary Wave covers a 50% interest in the estate of the Notorious B.I.G., including publishing and recordings, as well as his name, image and likeness.
The rapper’s mother, Voletta Wallace, who died last month, had been closely involved in the negotiations.
“The estate and Primary Wave will collaborate on all business moving forward in an effort to continue the incredible and innovative work done thus far with one goal in mind, to keep the legacy of the Notorious B.I.G. alive,” the company said in a statement.
Primary Wave's recent work with artist estates includes major Whitney Houston projects such as the biopic and hologram tour.
Notorious B.I.G. (Christopher Wallace), who was murdered aged 24 in 1997, is recognised as one hip-hop’s greatest artists – read industry figures on his groundbreaking albums from our 50 Years Of Hip-Hop edition of Music Week.
Primary Wave acquires stake in Notorious B.I.G catalogue
Primary Wave has acquired a stake in the catalogue of hip-hop legend the Notorious B.I.G.
