Hipgnosis ups the ante with $322.9m Kobalt Capital deal

Like a child scrambling to spend their birthday money on V-Bucks or Robux within seconds of being given it, Hipgnosis Songs Fund isn’t wasting any time spending its latest injection of cash from investors. This morning saw the company’s biggest deal yet, paying $322.9m for a catalogue of more than 33k songs (or shares in […]

AWAL says ‘hundreds’ of its artists now earn $100k+ a year from streaming

Music distributor AWAL says that “hundreds” of its artists now earn more than $100k a year from streaming, and that this number (of artists) has grown by more than 40% in the last year. The company also said that “dozens” of its artists earn more than $1m from streaming every year. This is all a […]

#TheShowMustBePaused next steps: ‘Potentially a moment for real change’

Friday’s Music Ally TV Show focused on the #TheShowMustBePaused campaign, and the next steps that the music industry needs to take as a result. Our panelists were Mulika Sannie, Keith Harris and Estée Blu. Sannie is VP of business affairs at Kobalt, and also founded the UK Black Music Lawyers Network in 2018. Harris is […]

Kobalt chairman thinks publishing revenues will dip in 2020

Recently, Goldman Sachs published a report with new predictions for music industry revenues in 2020, Covid-19 impact included. It forecast a 75% drop for live music revenues, but growth of 3% for recorded music and 3.5% for music publishing in 2020. Kobalt founder and chairman Willard Ahdritz isn’t so sure. “Overall I do believe that […]

Spotify and Kobalt fall out over Eminem copyright lawsuit

In August last year, we reported on a copyright infringement lawsuit filed against Spotify by Eminem’s publisher Eight Mile Style, based on around 250 songs from the company’s catalogue. The latest development in that case is a surprise: Spotify is dragging Kobalt Music Publishing into the lawsuit, claiming that the latter company is at fault. Spotify’s legal […]

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