Primary Wave Music has struck a catalog acquisition deal with Grammy-nominated songwriter, producer, and longtime Madonna collaborator Patrick Leonard.
The deal sees the company acquire his rights in his music publishing and recorded music catalogs, as well as his master royalties as a producer.
Included in what Primary Wave describes as a “multi-million-dollar deal”, are Leonard’s share of a number of hits from Leonard Cohen such as You Want It Darker, It Seemed the Better Way, and If I Didn’t Have Your Love.
The deal also encompasses his share of songwriter royalties from his work with Madonna. Songs include a number of her No.1 hits such as La Isla Bonita, Frozen, and the classic Like A Prayer.
The deal follows a majority stake in the music publishing catalog of British ’90s R&B star Mark Morrison.
In February, Primary Wave struck an acquisition deal with Wilson Phillips members Chynna Phillips and Carnie Wilson.
Primary Wave also acquired the legendary recording company Sun Records in January.
Leonard is also an accomplished producer having worked with a number of award-winning singers throughout his career including Roger Waters, Bon Jovi, Rod Stewart, Elton John, Jewel, Fleetwood Mac and many others.
Primary Wave says that the deal will see it enter into “go-forward deals” with Leonard to administer his publishing as well as distribute his masters on all future projects.
Additionally, the company says that Leonard will also now have access to its marketing team and publishing infrastructure, which includes digital strategy, licensing, synch opportunities as well as film, television and theatrical production.
Read full article at Music Business Worldwide
