Sun Records Reportedly Sold To Primary Wave For $30 Million
The iconic Sun Records label has been reportedly acquired by Primary Wave Music for $30 million.
Sun Records was founded by producer Sam Phillips in Memphis, Tennessee, in February 1952. Sun was the first label to record Elvis Presley, Charlie Rich, Roy Orbison, Jerry Lee Lewis, Carl Perkins, and Johnny Cash.
The Sun Records label includes 6,000 song masters, including such classic recordings as Perkins’ “Blue Suede Shoes,” Lewis’ “Great Balls of Fire,” Cash’s “I Walk The Line,” and Orbison’s “Ooby Dooby”.
The deal also included the Sun Records trademark and the Sun Diner in Nashville and its merchandise business too.
John Singleton, brother of the late Shelby Singleton who purchased the Sun label back in 1969 from Phillips, will stay on overseeing the Sun Records operation.
“We are extremely pleased to pass the Sun Records baton to Primary Wave and are confident that they will continue to reach new heights for the crown jewel of the music business created by Sam Phillips, which my brother, Shelby, and I have kept alive and relevant for the past 50 years” Singleton, Sun Entertainment Corp. president, said in a statement.
The deal does not include the Sun Records recordings by Elvis, which are owned by Sony.
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