Tag: kobalt

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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...
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Kobalt reportedly exploring a sale and eyeing $1bn valuation

The appetite for publishing catalogues remains voracious out in investorland, so at this point all but the largest companies in that space can be seen as potential acquisition targets. Kobalt included. Bloomberg reported today...
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AWAL says ‘hundreds’ of its artists now earn $100k+ a year from streaming

Music distributor AWAL says that "hundreds" of its artists now earn more than $100k a year from streaming, and that this number (of artists) has grown by more than 40% in the last year. The company also said that "dozens"...
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#TheShowMustBePaused next steps: ‘Potentially a moment for real change’

Friday's Music Ally TV Show focused on the #TheShowMustBePaused campaign, and the next steps that the music industry needs to take as a result. Our panelists were Mulika Sannie, Keith Harris and Estée Blu. Sannie is VP...
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Kobalt chairman thinks publishing revenues will dip in 2020

Recently, Goldman Sachs published a report with new predictions for music industry revenues in 2020, Covid-19 impact included. It forecast a 75% drop for live music revenues, but growth of 3% for recorded music and 3.5% for...
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Spotify and Kobalt fall out over Eminem copyright lawsuit

In August last year, we reported on a copyright infringement lawsuit filed against Spotify by Eminem’s publisher Eight Mile Style, based on around 250 songs from the company’s catalogue. The latest development...
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Today’s positive coronavirus-related industry news (24 April)

Start today with the announcement that Beyoncé’s BeyGood foundation is donating $6m to various community-based organisations, UCLA and the National Alliance in Mental Illness. “Communities of color are suffering...
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Kobalt revenues grew in its last fiscal year – but so did losses

Kobalt Music Group has published its financials for the fiscal year that ended on 30 June 2019. The company’s revenues grew by 35.1% year-on-year to $543.4m, but its total comprehensive losses for the year, net of tax,...
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Laurent Hubert is Kobalt’s new CEO as Ahdritz steps back

Music firm Kobalt has a new boss, although he’s not a new face at the company. Current president and chief revenue officer Laurent Hubert is now Kobalt’s CEO, as its founder Willard Ahdritz is stepping back to a role...
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Kobalt tipped for big funding round – possibly more than $100m

Kobalt is already one of the most well-funded companies in the music-rights space, having raised £205m so far including $60m in 2015 and $89m in 2017. And that doesn’t include the separate Kobalt Capital managed fund,...
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Glassnote switches UMG distribution deal for AWAL partnership

The company whose brand is literally ‘artists without a label’ has revealed that its latest partnership is with… a label! And it’s a deal to send some cats scampering among the pigeons, since AWAL’s new partner...
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Sandbox Issue 208: Making Micro Waves

Lead: In an age of constant digital distractions, sometimes it is better to play the short game. We trace the rise of the micro ad and how it is being tailored to stand out when users are rapidly hopping and grazing across...