"KT is a rare songwriting talent who writes songs that move you with a story," says Primary Wave CEO Larry Mestel.
Primary Wave has acquired a 50% share of both publishing and master recording royalties from Scottish singer-songwriter KT Tunstall's catalog, including such tracks as "Suddenly I See," "Black Horse and the Cherry Tree" and "Other Side Of the World." Terms of the deal were not disclosed.
On the publishing side of the deal, Primary Wave has acquired half of the publishing and half of the songwriter's share, and the same percentage for her master recording royalties, which are distributed by various labels, with earlier Tunstall albums owned by the imprints that issued them and later titles said to be owned by the artist.
"I have been a fan of KT from the moment I saw her first showcase at Virgin Records in 2005," Primary Wave Music Publishing CEO and founder Larry Mestel said in a statement. "KT is a rare songwriting talent who writes songs that move you with a story. We are honored to have her in the family."