Primary Wave has acquired 42% of Prince's estate, making the publishing company the largest individual share holder of the late artist's interests
New York-based Primary Wave has been acquiring expectancy interests in the Prince estate piecemeal for the last 17 months from three of his six heirs. However, the situation is complicated because the estate remains in probate administered through Comerica Bank & Trust and none of the heirs have received any distribution of assets. Sources say the probate issues could be resolved as early as the end of the year.
According to documents filed July 20 in Minnesota’s Carver County district court, in March 2020 “the protocols” surrounding the estate were amended after Primary Wave purchased a portion of Prince sibling’s expectancy interest.
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