Kobalt has entered into a co-financing and administrative partnership with independent entertainment studio IM Global, a subsidiary of Indian conglomerate Reliance ADA.
The agreement covers publishing as well as distribution and marketing services that Kobalt will provide for IM Global Music soundtrack releases both domestically and internationally on IM Global’s film and television projects.
Kobalt will also administer the musical scores and songs published by IM Global Films, IM Global Music and IM Global Television releases.
In addition, IM Global Music has entered a digital distribution, label services and marketing agreement with AWAL, Kobalt’s wholly owned label entity, which will allow IM Global Music to release certain soundtrack albums under its own label.
The first projects to be covered under the deal are the musical scores written and recorded for:
- SECRET IN THEIR EYES starring Julia Roberts, Nicole Kidman, and Chiwetel Ejiofor;
- COLLIDE (fka, Autobahn) starring Nicholas Hoult, Felicity Jones, Anthony Hopkins and Ben Kingsley;
- VIRAL, from directors Henry Joost and Ariel Schulman (Paranormal Activity 3 and 4);
- INCARNATE, starring Aaron Eckhart, Catalina Sandino Moreno and Carice van Houten;
- THE AUTOPSY OF JANE DOE, starring Emile Hirsch and Brian Cox;
- FIFTY SHADES OF BLACK, starring Marlon Wayans.
Willard Ahdritz, founder and CEO of Kobalt said, “I am thrilled to be partnering with IM Global and their exciting TV and film projects. David Schulhof is a long-time friend and a widely respected industry veteran. I believe that collections for TV and film will be even more critical in the new digital age and Kobalt is proud to be partnering with IM Global on that front.”
Richard Sanders, President of Kobalt (pictured) said, “Kobalt’s vision continues to be focused on trust and transparency, always putting clients first. This is an ideal opportunity to increase songwriter revenues through IM Global’s high quality film and TV projects. IM Global is an outstanding, innovative organization with a bright future ahead, making this new venture and partnership incredibly exciting.”
Said IM Global Music President David Schulhof, “We have an incredible pipeline of Film and TV projects ahead of us. Each project brings to life an exciting soundtrack with it.
“We are now working with some of the most talented composers and songwriters in the world. Kobalt is the perfect partner as we build IM Global Music into a next generation music and music publishing company.
“In addition I look forward to working with the Kobalt creative team to help find incredible songs for our projects.”Music Business Worldwide