Notorious B.I.G. Estate Nears $300 Million Catalog Deal with Primary Wave
The Notorious B.I.G. estate is reportedly negotiating a major catalog sale with Primary Wave, potentially valued at $300 million. The deal encompasses various intellectual property rights, including publishing, recordings, and name, image, and likeness (NIL) rights.
Notorious B.I.G. portrait against dark background
The proposed deal structure includes:
- Publishing rights: Approximately $100 million
- Recording interests: $30-50 million
- 50% interest in NIL rights on both sides
- Total valuation: $260-300 million
This development comes shortly after the passing of Biggie's mother, Voletta Wallace, who played a crucial role in managing the artist's estate. The rapper's children, T'yanna Wallace (31) and C.J. Wallace (28), are also stakeholders in the estate.
Primary Wave, known for acquiring rights from prominent artists' estates, has previously secured deals with estates of Scott Weiland, Jerry Jeff Walker, and Ric Ocasek. While the company hasn't officially confirmed this transaction, sources close to the deal indicate negotiations are near completion.
This potential sale reflects the continued strong investor demand in the music catalog market, following recent major transactions including:
- Warner Music's acquisition of Tempo Music catalog JV
- Reservoir Media's purchase of dance label New State
- T-Pain's catalog sale to HarbourView Equity
- Red Hot Chili Peppers' rumored $350 million recordings deal
Separately, the Biggie estate recently resolved a copyright dispute in January 2024 and initiated a new infringement lawsuit regarding the "King of New York" photo in February 2025.
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