Category archives: Kobalt Music Group

Kobalt forecasts profitability next year, after firm’s gross collections in FY2019 hit $616m

“In our forecasts we see that by end of June 2021, we will be group profitable,” says founder Willard Ahdritz
The post Kobalt forecasts profitability next year, after firm’s gross collections in FY2019 hit $616m appeared first on Music Business W…

Kobalt gross collections jumped 30% in 2018, company expects figure to top $600m this year

Kobalt’s net revenues also increased 25.3%
The post Kobalt gross collections jumped 30% in 2018, company expects figure to top $600m this year appeared first on Music Business Worldwide.

Kobalt Music Group is raising the biggest investment round in its history

MBW speculates that the new funding raise could be in excess of $100m
The post Kobalt Music Group is raising the biggest investment round in its history appeared first on Music Business Worldwide.

Kobalt revenues rise 15% to reach $260m as operating losses narrow

UK-based company narrows operating loss, but gets stung by exchange rates
The post Kobalt revenues rise 15% to reach $260m as operating losses narrow appeared first on Music Business Worldwide.

Kobalt paid $29.8m for Fintage House’s music companies

Bruce Springsteen, Ed Sheeran, Taylor Swift, Madonna, Coldplay, and Justin Timberlake joined roster

The post Kobalt paid $29.8m for Fintage House’s music companies appeared first on Music Business Worldwide.

Kobalt Music Copyrights acquires catalogue of country star Dierks Bentley

Singer/songwriter also signs go-forward admin deal with Willard Ahdritz’s companyThe post Kobalt Music Copyrights acquires catalogue of country star Dierks Bentley appeared first on Music Business Worldwide.