The estate of late Ramones frontman Joey Ramone has sold his music publishing for $10 million. Rolling Stone reports that the deal is part of a much larger $2 billion partnership between independent publisher Primary Wave Music and investment company Brookfield Asset Management.
“I’m happy to welcome Primary Wave as partners in my brother’s interests in Ramones,” Joey Ramone’s brother Mitchel Hyman (aka Mickey Leigh) said in a statement. “I’m thoroughly convinced of their eagerness to perpetuate his legacy, and their sincerity about doing it in a way that will never compromise his credibility. I, very much, am looking forward to working with them.”