An appeals court won't revive a lawsuit filed against the punk band by Ron Welty, who drummed for the rockers during their 1990s heyday.
The band's lucrative publishing catalog was not included in the current deal, sources confirm. Billboard estimates how much it could fetch.
The acquisition includes certain producer income streams and music publishing assets.
A California appeals court says it will likely reject Katherine Jackson's objections to the huge catalog deal.
The deal is part of a new partnership that will give Bettencourt access to Primary Wave's marketing team and publishing infrastructure.
Sources previously told Billboard that the band was seeking $1.2 billion for the assets.
The deal includes a stake in the publishing and master rights to evergreens like "Breaking Up Is Hard To Do," "Love Will Keep Us Together" and more.
Since its 2021 launch, the Korean firm has almost exclusively invested in Asian catalogs.
Opus Music Group seeks more than $200 million for its package of mostly passive income and royalty streaming rights.
Private equity isn’t wrecking the industry. But investors own rights to music by Stevie, Whitney, and now Cyndi Lauper. How much will that change things?
