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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