Courtney Love finds buyer for Nirvana catalogue

Music News

By Trent McMartin Mar 30, 2006, 17:52 GMT

Courtney Love has finally sold twenty-five percent of her share of Nirvana's publishing catalogue. Kurt Cobain’s widow sold the share to former COO/GM of Virgin Records, Larry Mestel, who currently runs Primary Wave Music Publishing.Love told Rolling Stone: "I took on a strategic partner, Larry Mestel, to help me co-manage the estate because it was overwhelming," Love explains. "The affairs of Nirvana are so massive and so huge, and they've all fallen on my lap. I own almost all of [the publishing], . . . and it proved to be too much for me. I needed a partner to take Kurt Cobain's songs and bring them into the future and into the next generation. And this guy's the guy to do it."The deal reportedly cost in excess of $50 million for the rights. Before the sale, Courtney Love, owned more than ninety-eight percent of Nirvana’s publishing rights. Cobain’s fellow band members Dave Grohl and Krist Novoselic own the remainder. Next week marks the twelfth anniversary of Cobain’s passing.

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