Kobalt Stock
Music Services Company
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About Kobalt Stock
Kobalt claims to provide technology solutions that aims to be a more transparent, efficient, and empowering future for music rights owners. Kobalt's Music Publishing, Label Services, and Neighbouring Rights divisions each aim to offer an alternative to the traditional music business model, intending to offer creators more transparency, flexibility, ownership, and control. Kobalt represents over 8,000 artists and songwriters, 600,000 songs, and 450 publishing companies, providing them with real-time reporting through the Kobalt Portal.
Kobalt was founded in 2000 in New York. Notable investors include MSD Capital, Cape Capital, and GV.
Investors
Balderton Capital
Recorded Future, Vestiaire Collective, JOKR, Motif, Banjo, Talend, Wonga, Qubit, Kobalt, Wagestream
GV
Uber, Robinhood, Jet, Impossible Foods, Lacework, Slack, Snyk, SambaNova Systems, DocuSign, Gusto
Hearst Entertainment
MSD Capital
Cloudera, SparkCognition, Big Switch Networks, NGINX, Kobalt
Section 32
Celularity, Freenome, Dialpad, Lime, Metromile, Primer, Vineti, Kobalt, BigHat Biosciences
Funding History
| July 2012 | $7.8M |
|---|---|
| April 2013 | $1.6M |
| February 2015 | $40.0M |
| May 2017 | $17.8M |
Management
Chief Executive Officer
Laurent Hubert
Chief Financial Officer
Catrin Drabble
Press
trib - Mar, 8 2022
Kobalt Music Lines Up $550 Million in Debt to Buy Song Rightsvariety - Mar, 7 2022
Kobalt Reports First Year of Profitability, With 15% Growth in Collectionsvariety - Dec, 17 2021
Music Industry Moves: Roddy Ricch Re-Ups With Kobaltbuff - Oct, 11 2021
Kobalt is Selling a Music Catalog for $1 Billion and KKR is in Prime Position to Buy Itvariety - Oct, 7 2021
Kobalt Names Jeannette Perez President and COOvariety - Nov, 1 2020
Hipgnosis Acquires 33,000 Songs From Kobalt Fund in $323 Million DealMusicAlly - Jun, 3 2020
Kobalt chairman thinks publishing revenues will dip in 2020BillBoard.com - May, 8 2020
Executive Turntable: Kobalt Names U.K. Head of A&R, Oak View Group Makes Key HiresMusic Business Worldwide - Mar, 4 2019
Kobalt Music Group is Raising the Biggest Investment Round in its HistoryVariety - Mar, 8 2018
Kobalt Invests $150 Million in its AWAL Recorded-Music OperationTheCable - Mar, 3 2018
Replete goes into partnership with Kobalt — good news for Nigerian songwritersMusic Ally (blog) - Jan, 24 2018
Kobalt CEO blasts 'elitist' concerns about music as background listeningBillboard - Jan, 12 2018
Facebook Sets Deals With Global Music Rights, Kobalt and SESAC's RumblefishTechCrunch - Jan, 11 2018
Avid Larizadeh Duggan, GV’s sole female GP, leaves to join music tech startup KobaltVariety - Jan, 8 2018
Kobalt Names Lonny Olinick CEO of Recorded MusicTechCrunch - Nov, 6 2017
Kobalt raises $600M to buy up (and monetize) more music copyrightsTechCrunch - May, 8 2017
Music royalty collector Kobalt nabs $75M led by Hearst Entertainment at $775M valuationRecode - May, 3 2016
This company says it can help musicians find the money the web owes themTechCrunch - Jan, 9 2016
Google Ventures Rethinks Its International Investment StrategyTechCrunch - Aug, 4 2015
Kobalt’s AMRA Inks Its First Licensing Deal: A Global Agreement With Apple MusicTechCrunch - Jul, 10 2015
General Partner Peter Read Leaves Google Ventures In EuropeTechCrunch - Jun, 25 2015
UK’s Yieldify Raises $11.5M From SoftBank And Google Ventures To Fix E-Commerce ConversionsTechCrunch - Jun, 8 2015
Kobalt Quietly Acquired AMRA To Launch Its Own Global Collection Group For Digital MusicTechCrunch - May, 18 2015
Vote Now In The Europas Awards For European Tech StartupsRecode - Apr, 29 2015
Capital Gains: Nasty Gal Raises $16 Million, the Aereo Fire Sale and MoreTechCrunch - Apr, 9 2015
SoundCloud Steps Up Revenue Drive In Deal With Zefr, YouTube’s Content Tracking PartnerTechCrunch - Feb, 27 2015
Kobalt Tunes Into $60M Led By Google Ventures For Its Music Rights Collection PlatformRecode - Feb, 27 2015
Google Makes Another Media Bet, with a Venture Investment in Music PublishingEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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