Kobalt is planning to spend $100m on advances and new copyrights in the next 12 months.

The move appears to represent a change in the company's business model: Kobalt has previously tended to only act as administrator for artist and songwriter's publishing rights. Now it is looking to acquire or part-acquire those rights.

The company said in statement that it was 'in talks to invest in and acquire rights in royalty streams generated by some of the world's most popular ...