Britney Spears has sold her ownership share in her music catalog to Primary Wave, according to legal documents obtained by TMZ. The deal, described as a landmark agreement, was signed on December 30. Sources indicate she is happy with the sale and has been spending time with her children.
Britney Spears, the 44-year-old singer known for hits like "Toxic," has entered into a significant agreement with Primary Wave, a leading independent music publisher. Legal documents reviewed by TMZ confirm that Spears sold her ownership share of her extensive music catalog to the company. The catalog includes iconic tracks such as "...Baby One More Time," "Oops!... I Did It Again," "I'm a Slave 4 U," "Toxic," and many others.
The exact financial details of the deal remain undisclosed in the documents, but sources close to the matter described it to TMZ as a "landmark deal" comparable to the $200 million agreement Justin Bieber made when selling his music catalog. The transaction was finalized on December 30, with Spears managed by Cade Hudson at the time of signing.
Primary Wave, which describes itself as home to some of the most iconic songwriters, artists, and record labels in music history, has previously acquired stakes from artists like Stevie Nicks. In 2020, Nicks sold an 80% stake in her publishing catalog to Primary Wave, valued at approximately $100 million at the time.
This sale aligns with a trend among major artists offloading their catalogs in recent years. Others include Bob Dylan, Shakira, Bruce Springsteen, Paul Simon, Neil Young, KISS, Sting, and Phil Collins. Sources told Variety, which confirmed the TMZ report, that Spears is pleased with the outcome and has been celebrating by spending time with her kids.
TMZ reached out to Spears and Primary Wave for comment but received no response. So, is this the end of an era for the Princess of Pop's music empire, or just a savvy business move?