Primary Wave Music

Jim Peterik — a songwriter and band member of The Ides of March, ’80s pop-rock band Survivor and southern rock group .38 Special — has sold a majority stake in his full publishing catalog to Primary Wave. According to sources close to the deal, the acquisition is purported to be in the ballpark of $20 million. It includes Peterik’s stake in the perennial rock anthem “Eye of the Tiger,” which became Survivor’s greatest hit after its placement in Rocky III‘s montage training scene. Along with “Eye of the Tiger,” Peterik’s new partnership with Primary Wave will include other Survivor co-writes like “Burning Heart,” “High On You” and “I Can’t Hold Back.” It also includes .38 Special’s platinum-selling hits “Hold On Loosely” and “Caught Up In You” as well as “Vehicle” by The Ides of March. Prim...