“I have no interest in trying to play games with numbers,” says Willard Ahdritz. “Like Amazon, we have been investing, investing, investing and growing. Of course, profitability, when you have investments, will suffer.
But I have some of the smartest financial and technology investors in the world.”
One of those investors is European venture fund Balderton Capital. Balderton partner Tim Bunting also serves as Kobalt chairman and, despite Kobalt failing to turn a profit after 17 years of operation, insists ...
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial