Kobalt Music Group In The News

Music’s bond adventure continues, as SESAC and Hipgnosis both launch nine-figure offerings

SESAC used the money raised to buy Audio Network; Hipgnosis' bonds will be priced next week. Both deals involve Blackstone.

Sir Lucian Grainge on Universal’s new deal with Meta – and his belief that investment banks don’t ‘have the skill-sets or ability to exploit music rights’

Grainge was joined by Michael Nash and Boyd Muir on a call with analysts last week

From Meta losing Kobalt’s catalog to Universal’s $2.7bn in Q2… It’s MBW’s Weekly Round-Up

The biggest stories from the past week - and why they matter

Lyrics platform Musixmatch secures strategic investment from TPG Growth

Founded in 2010, Musixmatch claims to have assembled the world’s largest lyrics catalog

Snapchat to pay DistroKid artists monthly grants up to $100,000 via new ‘Sounds’ creator fund

Snapchat now reaches over 600m monthly active users worldwide

Curve Royalty Systems expands, hiring Mhairi Palmer in North America and Britt Timmerman in the UK

Palmer joins from Anthem Entertainment; Timmerman joins from Kobalt

Facebook will now directly share a proportion of ad revenue with music rightsholders for UGC videos. Your move, TikTok…

A big move from Mark Zuckerberg's company, as it lays down gauntlet to TikTok

Kobalt is pulling its 700,000 songs off Facebook and Instagram. Is the music biz headed for a historic bust-up with Meta?

News comes just days after Epidemic Sound launched a $142m lawsuit against Meta for alleged infringement