Press Releases
KOBALT INTRODUCES FULL TRANSPARENCY FOR DIGITAL REVENUE COLLECTIONS REVOLUTIONARY
KOBALT NEXT GENERATION PORTAL 3.0 DIGITAL TO EXPAND TRANSPARENCY INTO REPORTING OF DIGITAL COLLECTIONS, GLOBAL FILM AND TELEVISION PRODUCTIONS
CANNES, FRANCE (25 January 2010) - Kobalt Music Group (Kobalt), the leading independent music publisher and forerunner of online administration, will soon debut the next version of its transparent administration system with new tools never before available to the music industry.
Willard Ahdritz, CEO and Founder of Kobalt, announced today the Kobalt Next Generation Portal 3.0 Digital will offer unprecedented access to detailed information on collections in digital music sales and performance royalties and other digital revenue streams. Additionally the system will offer expanded access to data on products tracked and audio visual performance royalties collected from licensed content in global film and TV productions.
"We're opening another black box for the industry and taking transparency to the next level deeper into different royalty streams," said Ahdritz. "Offering the best digital collection platform available, our new and improved 3.0 digital system, which is in final stages of testing, is slated to launch this summer for Kobalt clients worldwide."
Kobalt clients will have access to a breakdown of revenue detail from nearly all digital sales outlets in each territory. The data will include full transparency in tracking per licensee for digital performance rights and downloads, ringtones, andstreaming.
In addition to digital collections data, clients will also be able to view specifics not only on the status and amount of every synch license, but also the status of receipt of film and TV performance revenues listed by licensee and by territory.
Kobalt's online system is already being used by more than 900 clients in a wide spectrum of content owners including music publishers, rights licensors, songwriter/producers, management companies. Kobalt's system will continue to feature its easy to use copyright management tools including a product works search; royalty analysis tools linking products to works and revenues; real-time duplicate claims reports; detailed works summaries; in-depth royalty tracking reports; quarterly summaries; royalty registration reports; access to client agreements; and a downloadable archive of statements, among other features.
About Kobalt Music Group
Kobalt is the leading independent music publisher offering unparalleled transparency, online global copyright administration, creative and synch/licensing services, digital collections and pipeline advances to writers, publishers and other publishing rights holders. With 80 employees in offices in London, New York, Nashville, Los Angeles, Berlinand Stockholm, as well as agents in over 20 major territories, Kobalt administers more than 175,000 copyrights worldwide on behalf of over 900 content holders, including the world's top songwriters, artists and other music publishers. Kobalt clients include Gwen Stefani, Kid Rock, Kelly Clarkson, Busta Rhymes, Danja, Dave Stewart, Brian McKnight, Dr. Luke, Ryan "Alias" Tedder, Max Martin, Moby, Tiësto, Interpol, Royksopp, Phoenix, Nine Inch Nails, Herbert Grönemeyer, Desmond Child, Dennis Matkosky, Andreas Carlsson, Arnthor Birgisson, The Hives, Gary Burr, 8 Mile Style (publisher of Eminem), One Republic, Barry Manilow, Cut Copy, DJ Premier, Nat Geo Music, Bridgeport Music (publisher of Parliament Funkadelic & George Clinton), Getty Images, EverGreen Copyrights, Music Publishing Company of America, Big Life, Richard Ashcroft, and Shelly Peiken, among many others.