Kobalt ready for growth following new funding

Kobalt has told Music Week that it anticipates further ‘organic’ growth following a fresh funding injection of  £62m ($100m) into the business.

The capital is understood to have widened the publisher’s business model: Kobalt has previously tended to only act as an administrator for artist and songwriter’s publishing rights, whilst now it is looking to acquire or part-acquire those rights itself.

$75m of the funds are understood to be coming from Kobalt Capital Ltd – an FSA- regulated and authorised ...

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