Given that the notion of Kurt Cobain ever ‘doing a Duffy’ and having a nice sing-song whilst cycling through a Coca-Cola advert is, frankly, ridiculous, it is no surprise to find today that Primary Wave Music Publishing are struggling to make a return on their massive investment in Cobain’s back catalogue.
PWMP bought a 50 per cent share in Cobain’s music from his widow Courtney Love back in 2006 for an estimated $50 million (£35.7 million) – but so far have failed to make any real return.
A ‘source’ told business website Portfolio.com that plans to licence a number of Nirvana songs to CBS, for use in the CSI franchise, fell trough due to Love and Cobain’s former band mates asking “twice the industry standard in licensing fees.”
To date PWMP have earned around $2 million (£1.4 million) on their $50 million investment.
