Kobalt Announces Unprecedented Growth In Digital Royalty Earnings Through AMRA
“More money, faster” isn’t just a catchy slogan; it’s what we do here at Kobalt. That’s why we’re excited to announce today that, through AMRA, we collected 28% more money for our clients from Europe in Q3 2015 (AMRA’s first quarter administering Kobalt’s catalog in Europe). Specifically, we saw an uptick of 34% in YouTube publishing payouts, and a 26% increase in Spotify payouts in Europe.
Kobalt founder & CEO Willard Ahdritz had this to say about the historic quarter:
“I’m ecstatic to share these first results with our clients. This has been my vision since starting Kobalt, using technology and a new model to drive efficiency and transparency. And these initial numbers are just for Europe - wait until we see the explosive growth coming out of so many other untapped markets around the world. There have been too many missed opportunities for creators on a global scale – now the solution is here.”
Today’s news follows last year’s landmark announcement of the creation of AMRA, which is the first global, direct, digital mechanical and performing rights society.
Read the full press release here.