Primary Wave buys Bing Crosby's songs and name for $50 million

Primary Wave has acquired a stake in the company owned by the estate of the legendary Bing Crosby, in a deal "estimated in excess of $50 million’, AP News reports. This deal includes the Bing Crosby Archives, featuring thousands of recordings by Bing Crosby and other artists, many of which have never been released. Terms of the deal include artist royalties from master recordings featuring Crosby’s performances, writer royalties from songs written by Bing Crosby, his rights in the film 'White Christmas', as well as other film, radio, and television productions. In addition, Primary Wave has acquired a stake in his name, likeness, and rights of publicity.