In a major move in the music industry, it was announced that the entire catalog of the late Whitney Houston has been acquired by Primary Wave Music Publishing. The financial details of the deal, however, have not been disclosed.
Whitney Houston, an iconic figure in the music world, left an indelible mark on the industry with her powerful voice and chart-topping hits. Her discography spans over three decades, including classics like "I Will Always Love You," "I Wanna Dance with Somebody (Who Loves Me)," and "The Greatest Love of All."
Primary Wave Music Publishing, a leading independent music publisher, has been making waves in the industry by acquiring music catalogs of notable artists. The company's portfolio includes the catalogs of Smokey Robinson, Quincy Jones, and Dionne Warwick, among others.
Music rights can be a complex topic, and it's essential to understand the different types of music rights that are involved in such deals. Music publishing rights refer to the rights to the lyrics and melody of a song, while master recording rights involve the sound recording of the song.
Whitney Houston's catalog sale to Primary Wave likely includes both publishing and master recording rights. The acquisition gives Primary Wave the ability to administer and monetize these rights, including licensing for synchronization, mechanical, and performance royalties.
Music rights societies, such as ASCAP, BMI, and SESAC, play a crucial role in collecting and distributing royalties for songwriters and publishers. These organizations represent the interests of creators and ensure that they receive fair compensation for the use of their music.
For more information on music rights and the business side of the music industry, you can refer to the following resources:
- ASCAP: Understanding Music Rights and Royalties
- BMI: Music Rights and Royalties
- SESAC: Music Rights and Royalties
Stay tuned for more updates on the music industry and notable deals.