Music Industry Moves: Avex Secures $100 Million for Catalog Acquisitions, Harry Chapin Estate Partners With Primary Wave
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- Avex Music Group launches a $100 million fund for catalog acquisitions, financed through a deal with City National Bank.
- City National Bank provides the financing structure for Avex’s $100 million catalog fund.
- Harry Chapin Estate partners with Primary Wave to manage its catalog.
- Primary Wave joins the partnership with the Harry Chapin Estate as a rights‑management collaborator.
Why it matters: Avex gains a pipeline of valuable catalog assets worth $100 million, while the Chapin Estate secures Primary Wave’s licensing expertise, boosting royalty streams. This accelerates competition for music rights and drives up catalog valuations.
