Multi-platinum, Award-Winning Writer and Producer Chooses To Sell Distinguished Catalog to Kobalt Capital’s Fund
Hodges Also Continues His Long-Time Trusted Partnership with Kobalt Music Publishing in Deal for Future Works
OCTOBER 6, 2020 - It was announced today that the multi-platinum, Grammy, and BMI award-winning writer and producer, David Hodges, has sold his distinguished catalog to Kobalt Capital's fund, where it will continue to be administered and serviced by Kobalt Music Publishing. Hodges, who is managed by Lucas Keller and his mainstay management outfit Milk & Honey, has also agreed to continue his long-time publishing partnership intact with Kobalt Music Publishing, for all of his future works. Kobalt will continue its stewardship of some of Hodges’ biggest hit songs, including Number One’s, “Bring Me To Life,” “My Immortal,” “A Thousand Years,” “Because of You”, and many more.
“After many years of partnership and supporting David, we’re extremely proud to have helped him build such a great catalog of hits,” commented Willard Ahdritz, Founder and Chairman of Kobalt. “With his impressive catalog, David had his fair share of suitors. His decision to sell to Kobalt Capital’s fund and continue his partnership for Kobalt Music Publishing to service and administer his great work, is humbling and an honor.”
“David’s approach to music has born an amazing set of sensational and inspiring songs,” said Laurent Hubert, CEO of Kobalt. “It’s clear Sas Metcalfe and our creative team have formed a winning combination with the brilliant songwriter/producer - and we know there is a lot more to come. It’s a privilege to continue and help ensure his talent is supported and recognized for years to come.”
Commenting on the deal, Hodges said, “I’ve had the pleasure of working with Kobalt for over 7 years. As a creator, they have made me feel supported in my craft; and as a businessman, I have had a continued confidence that Kobalt was working efficiently and passionately on my behalf. Having poured my life into creating these songs over the last two decades, I could not think of a better home for them than Kobalt.”
“This is a red letter day in my 11 year relationship with David,” said Lucas Keller, President and Founder of Milk & Honey Management. “I am so happy that his catalog went to Kobalt, a place that he’s called home for many years now and a company that we both really believe in and have, from early on.”
David Hodges was a founding member of Evanescence and has been penning hits with and for renowned artists for over a decade. His Number One singles include “Bring Me To Life” and “My Immortal” (Evanescence), “A Thousand Years” (Christina Perri for Twilight), “Because of You” (Kelly Clarkson), “Dear Hate” (Maren Morris and Vince Gill), "See You Again" (Carrie Underwood), and “Miss Me More” (Kelsea Ballerini). Hodges is one of the most sought after multi-genre songwriters in the world, with releases by Keith Urban, 5 Seconds of Summer, Blink 182, Ben Rector, Weezer, Dan + Shay, Avril Lavigne, and more. He is currently working with Ed Sheeran, Danielle Bradbery, and many others. Listen to his “And The Writer Is…” podcast interview here.
ABOUT KOBALT CAPITAL
Founded in 2010, Kobalt Capital Limited (KCL) is a Financial Conduct Authority (FCA) regulated investment advisory firm that focuses on music rights. KCL was created to give copyright owners a better way to sell their copyright and receive capital.
In 2011, KCL launched the world’s first regulated music royalties investment fund. Today, Kobalt Capital's investors include a range of prominent institutions and family offices. KCL advises two investment funds, the second launched in 2017, and has closed on 270 deals totalling over $1.3 billion, which have delivered solid returns for its clients.
Kobalt is a music and technology company built for artists, songwriters, publishers and labels as an alternative to the traditional music business model. Kobalt’s commitment to technology, transparency, and creators’ rights has driven tremendous growth year-over-year for the company and its clients. Today, Kobalt’s Music Publishing, Neighbouring Rights, and Recordings/AWAL divisions serve over 25,000 songwriters, 600 publishers, and 20,000 independent artists, including Childish Gambino, Dave Grohl, Enrique Iglesias, Lauv, Lorde, Zayn Malik, Marshmello, Max Martin, Paul McCartney, Elvis Presley, Roddy Ricch, The Weeknd, and many more. Kobalt represents on average over 40% of the top 100 songs and albums in both the US and UK.
Kobalt’s global technology platform uniquely tracks and collects royalties for the trillions of micro-payments in digital music today. Kobalt offers its clients a variety of services, including creative services, synch & brand partnerships, global licensing management, neighboring rights, works and rights distribution, royalty collection and processing, the Kobalt and AWAL Portals and Apps, YouTube monetization, record release management, digital distribution and marketing. For more information on Kobalt, please contact: firstname.lastname@example.org, or visit us at www.kobaltmusic.com