Only two of the last year’s top 10 deals — ranked by dollar amount — didn’t involve a catalog changing hands. One was a reverse merger that made French streaming company Deezer a publicly traded company, while he other was Spotify’s latest acquisition to further its goal of becoming a one-stop destination for audio. This month, Concord priced the biggest music-related asset-backed securitization in history: $1.
The two companies spent six months hashing out a deal, Brookfield managing partner Angelo Rufino. Brookfield was attracted to Primary Wave’s model of employing marketing and branding experts to build the value of its acquisitions. He called Primary Wave CEO“the best I’ve ever seen at leveraging brand extensions to supercharge the growth of these assets.” Kobalt has been selling off assets left and right in recent years.