Tag: kobalt

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Rightsholders play catalogue hokey cokey with Resso and Meta

In, out, in, out, shake it all about! It being your music catalogue if you're a rightsholder wanting to make a point when negotiating...
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Investment firm Francisco Partners buys controlling stake in Kobalt

After months of speculation about whether Kobalt was up for sale, who might buy it and for how much, finally some concrete news.
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Kobalt to launch a collection of music NFTs based on lyrics

While artists and labels have hogged the headlines when it comes to launching music NFTs, publishers are exploring how they can get involved too.
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Kobalt US pullout gives Meta another licensing headache

Meta is having... let's call it a 'difficult' month for its music-licensing strategy.
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Republic Records and Doja Cat bag 2022 Clio Music Awards

The annual Clio Awards were set up to celebrate creative music marketing and advertising, and they're always a great showcase of the latest campaigns.
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Downtown Music and Kobalt suspend operations in Russia

Yesterday's announcements from Sony Music, WMG and FUGA were swiftly followed by the two companies revealing their plans.
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Kobalt publishing revenues grew 9.6% in its last fiscal year

Money has been flowing into Kobalt Music Group's coffers in recent times, thanks to its sale of AWAL, its neighbouring rights business, and two of its music rights funds.
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Kobalt ‘doubling down on publishing and AMRA’ after KKR sale

Kobalt has confirmed that it is selling its Fund II Music Rights publishing catalogue to investment firms KKR and Dundee Partners for $1.1bn.
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KKR-led consortium tipped again to buy Kobalt songs catalogue

The Financial Times reported that KKR will lead a consortium to buy the catalogue for around $1.1bn, with the family office of former Goldman Sachs partner Stephen Hendel also involved.
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Kobalt financials reveal $53m operating loss for fiscal 2020

Kobalt has announced that it turned a profit in its latest fiscal year, although that announcement was accompanied by financial results for the previous year showing its operating losses growing. We’ll take the results...
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Sony Music’s $430m Awal acquisition makes waves. What next?

By now, you’ll almost certainly have seen the news that Sony Music is buying Kobalt’s label and distribution arm Awal, and its neighbouring rights division. After the initial announcement, the price paid was confirmed...
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Hipgnosis ups the ante with $322.9m Kobalt Capital deal

Like a child scrambling to spend their birthday money on V-Bucks or Robux within seconds of being given it, Hipgnosis Songs Fund isn’t wasting any time spending its latest injection of cash from investors. This morning...