COURTNEY LOVE Sells NIRVANA Rights Share To ex-VIRGIN RECORDS Executive

March 31, 2006

Kurt Cobain's widow Courtney Love has told RollingStone.com that she has finally sold twenty-five percent of her share of NIRVANA's sought-after publishing catalog — to Larry Mestel of Primary Wave Music Publishing, former COO/GM of Virgin Records.

"I took on a strategic partner, Larry Mestel, to help me co-manage the estate because it was overwhelming," Love explained to RollingStone.com. "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."

Mestel says his three-month-old company, Primary Wave, is thrilled to have bought into an American musical legacy. "The appeal to me is that [Kurt was] one of the most important songwriters of his time," Mestel said. "Kurt was an incredible songwriter, and Courtney is an exceptionally talented person herself. So I felt the combination of Courtney's creativity and the things I can add can really help in creating more value for these copyrights."

Though Love and Mestel declined to comment on specifics, a source close to the deal told RollingStone.com that Mestel has likely paid in excess of $50 million for the rights.

Comments Disclaimer And Information

BLABBERMOUTH.NET uses the Facebook Comments plugin to let people comment on content on the site using their Facebook account. The comments reside on Facebook servers and are not stored on BLABBERMOUTH.NET. To comment on a BLABBERMOUTH.NET story or review, you must be logged in to an active personal account on Facebook. Once you're logged in, you will be able to comment. User comments or postings do not reflect the viewpoint of BLABBERMOUTH.NET and BLABBERMOUTH.NET does not endorse, or guarantee the accuracy of, any user comment. To report spam or any abusive, obscene, defamatory, racist, homophobic or threatening comments, or anything that may violate any applicable laws, use the "Report to Facebook" and "Mark as spam" links that appear next to the comments themselves. To do so, click the downward arrow on the top-right corner of the Facebook comment (the arrow is invisible until you roll over it) and select the appropriate action. You can also send an e-mail to blabbermouthinbox(@)gmail.com with pertinent details. BLABBERMOUTH.NET reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service. Hidden comments will still appear to the user and to the user's Facebook friends. If a new comment is published from a "banned" user or contains a blacklisted word, this comment will automatically have limited visibility (the "banned" user's comments will only be visible to the user and the user's Facebook friends).