Bob Dylan’s share in Traveling Wilburys acquired by Primary Wave Music

Bob Dylan’s share in the Traveling Wilburys was acquired by Primary Wave Music – an asset most people probably didn’t know was not included in the Nobel Prize-winning artist‘s nine-figure deals with Universal Music Publishing and Sony Music.
Dylan’s master royalties and neighboring rights royalties for the band’s two albums, as well as a box set from 2007, are included in the deal. Terms were not disclosed.
The Wilburys were a supergroup consisting of Dylan, George Harrison, Tom Petty, Jeff Lynne and Roy Orbison, and released two albums filled with light-hearted, not-too-serious songs in contrast to their usually heavy work. Orbison died of a heart attack just weeks after the first album was released in 1988, but the four continued as a quartet for a second album, jokingly titled “Vol. 3.” Powered by songs like “Handle With Care’, ‘End of the Line’ and ‘She’s My Baby’ the albums were surprise pop hits, with the former winning a Grammy and being certified triple platinum and both reaching the top 5 in multiple countries – No. 3 and 11 in the U.S., respectively.Harrison and Lynne teamed up again in 1995, when the latter produced two John Lennon demos featuring the surviving Beatles for their “Anthology” collections.A box set containing several previously unreleased songs and a DVD was released in 2007.
Samantha Rhulen, Vice President of Business and Legal Affairs for Primary Wave Music, said: “Acquiring even a small portion of Bob Dylan’s work as part of Traveling Wilburys is exciting to say the least. We are honored to add this piece of history to our growing catalog of music.
According to the announcement, Primary Wave will “seek to further the legacy of these iconic musicians and famous and legendary albums using their internal infrastructure which includes marketing, digital strategy, licensing and sync opportunities.”