Primary Wave Music has officially acquired a 50% share of the Notorious B.I.G.’s estate.
According to reports from The Wall Street Journal, a music publishing and talent management firm has purchased a stake valued at approximately $200 million USD. This acquisition encompasses Biggie’s music publishing, recordings, as well as specific rights to his name, image, and likeness. Although the deal was sealed after Voletta Wallace, the late rapper’s mother, had passed away, sources claim she was privy to and played an active role in most of the agreements leading up to this transaction, even before her death.
The Wall Street Journal mentioned that Wallace managed to secure full ownership rights to Biggie’s music publishing during her lifetime. Initially, ownership was shared equally between Bad Boy after his death, but Wallace increased the estate’s share to 85% in the early 2000s and finally obtained the remaining 15% in 2020.
In a joint endeavor, the estate and Primary Wave will collaborate on all future business ventures. Their aim is to preserve and build upon the outstanding work achieved so far, with the singular focus of maintaining the enduring legacy of The Notorious B.I.G.” – Primary Wave’s statement.
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2025-03-21 10:55