Primary Wave has acquired legendary Sun Records, with some reports indicating the deal was worth $30 million and including masters for notable artists. The acquisition is part of a series of moves by Primary Wave, which has also acquired stakes in the music catalogs of other artists and partnered with Virgin Music for global distribution. The scope and details of these deals are still emerging, with Primary Wave also making investments in the music of other artists, including Chris Isaak and Def Leppard.