huey lewis
Primary Wave Music has partnered with Huey Lewis and the News to purchase ownership of all Lewis and the band membersâ shares of their musical composition copyrights, including writersâ shares of income. With a $20 million price tag, according to a source close to the deal, this encompasses their full discography from the groupâs self-titled debut album up to 1994âs Four Chords & Several Years Ago.
This time period, spanning about 25 years, was the bandâs most fruitful run, including hits like âHip to Be Square,â âThe Power of Love,â âIf This Is It,â âWorkinâ for a Livingâ and âThe Heart of Rock and Roll.â The bandâs landmark third album, the 7x-platinum Sports, turns 40 next year.
With a catalog that helped define 1980s rock nâ roll, Huey Lewis and The Newsâ likely best-known single to date is âThe Power of Loveâ which was written for the Back to the Future soundtrack. After peaking at No. 1 on the Hot 100 chart, it earned the band nominations for a Grammy, a Golden Globe and an Academy Award.
Along with the transfer of ownership of the aforementioned catalog, Primary Wave will provide Huey Lewis and The News with marketing and publishing administration. This also includes digital strategy, licensing, synch opportunities and film & TV production.
The deal follows up the announcement that Primary Wave has received $1.7 billion from the Canadian investment company Brookfield Asset Management, Inc. to fund song catalog acquisitions as well as the announcements of over $300 million worth of other deals in 2022 so far, including the purchase of music and/or estate rights from members of Def Leppard, Alice in Chains, America, The Strokes, Prince, and more.
Outside of the discography included in the catalog agreement, Huey and the band continued on into the 21st century, releasing lesser known albums like Plan B (2001) and their Stax Records tribute, Soulsville (2010). By 2018, Lewis announced that he was losing his hearing due to a battle with MĂŠnièreâs, an inner ear disease, but he brought the crew together for their 2020 comeback record, Weather.
Primary Wave Musicâs David Weitzman says of the deal, âIn the 1980âs, everyone heard Huey Lewis and the Newsâs many smashes on radio and saw their iconic & fun videos which appeared on MTV in endless rotation. Their incredibly crafted songs still made me smile, remind me of that seemingly more innocent era, and make me want to sing along at the top of your lungs. Primary Wave look forward to working with Huey to create new opportunities for his storied song catalog into the future.â
John Luneau, senior counsel for Primary Wave, added âWeâre honored to welcome the music of Huey Lewis and the News to Primary Wave. Our entire team is looking forward to working with them to generate new and exciting opportunities for their iconic catalog.â
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