February 1, 2021 - As a result of Kobalt Music Group’s sale of AWAL and Kobalt Neighbouring Rights, the company today announced it will strengthen its commitment to Kobalt’s award-winning music publishing business and AMRA.
“As Kobalt moves forward under the leadership of our CEO, Laurent (Hubert), we are both excited for the big opportunities ahead across music publishing, AMRA and Kobalt Capital,” said Willard Ahdritz, founder and chairman of Kobalt. “Our team and capabilities will only grow stronger and play a continued role in making the industry better for creators.”
“It’s clear that, right now, musicians need more support than ever. To not only drive faster collections and payments for their great music, but to also help them find the best songwriting and networking opportunities around the world.”
Said Kobalt Music Group CEO, Laurent Hubert, “Kobalt’s mission from the start has been to create transparency and fairness for creators. I could not be more excited to focus 100% of our efforts on our incredibly successful music publishing business. Through our world-class creative and synch team’s ‘one roster, one territory’ approach combined with our global tech infrastructure, Kobalt has become the destination of choice for some of the most successful music talent in the world.”
With 20 Grammy wins, 12 #1 hit songs and being named ASCAP’s Pop Publisher Award in 2020, Kobalt’s music publishing business represents over 700,000 songs that includes songwriters such as Dave Grohl, Enrique Iglesias, Lorde, Zayn Malik, Marshmello, Max Martin, Paul McCartney, Ozuna, Elvis Presley, Roddy Ricch, The Weeknd, and many more.
Added Hubert, “As the digital transformation of the business is accelerating, in part due to the global pandemic, our unique digital collection society, AMRA, gives us an unparalleled advantage with a true end to end solution, from creators to digital platforms.”
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 serves over 25,000 songwriters and 600 publishers, including Dave Grohl, Enrique Iglesias, Lauv, Lorde, Zayn Malik, Marshmello, Max Martin, Paul McCartney, Elvis Presley, Ozuna, 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, works and rights distribution, royalty collection and processing, the Kobalt Portal and App, and YouTube monetization. For more information on Kobalt, please contact: firstname.lastname@example.org, or visit us at www.kobaltmusic.com
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 $1.4 billion, which have delivered solid returns for its clients.
AMRA is the first of its kind — a global digital music collection society, built on technology and trust. AMRA is designed to maximize value for its members in today's digital age, while providing the highest level of transparency and efficiency. AMRA takes a global, direct approach to digital licensing, collection and administration, all driven by Kobalt’s advanced rights management platform, KTech. This streamlined model allows AMRA to increase efficiencies, combating the large margin of uncertainty, delay, and error that exists in the current fractured system. AMRA proudly represents some of the world’s most successful songwriters through either direct affiliation with AMRA or through its publisher representation agreements for global digital licensing administration. AMRA is founded on the fundamental principle that music creators' rights come first, above all else. What's in their best interest drives every piece of our business. With flexible contracts, no complex distribution rules or opaque policies that discriminate or reward certain members, we're 100% aligned with our clients. We are here to ensure rights owners get paid more, faster.