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Kobalt up for sale… possibly

By | Published on Thursday 17 September 2020


Kobalt Music Group is considering options to raise new capital, including an outright sale with a possible price tag of over $1 billion. The news comes as the company passes its 20th anniversary.

According to Bloomberg, negotiations are ongoing with potential buyers, although the company may as yet choose not to sell up.

A spokesperson for Kobalt tells Bloomberg: “We’ve always had great interest in the company. We’re always evaluating the best capital structure for the business to make sure we have the right capital partners to continue to build and grow the world’s best independent company for artists and songwriters”.

The news follows a change of leadership at Kobalt at the beginning of the year, which saw founder Willard Ahdritz step down as CEO and move into the role of Chair. The company is now led by Laurence Hubert, who joined from BMG in 2016.