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...
November 2, 2020
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...
September 17, 2020
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"...
August 19, 2020
#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...
June 16, 2020
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...
June 3, 2020
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...
June 1, 2020
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...
April 24, 2020
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,...
April 1, 2020
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...
January 28, 2020
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,...
March 5, 2019
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...
November 19, 2018