Music publishing reps Kobalt today launches a new online tool for the 700 odd content owners that it "administrates" for. The new tool means that the content owners will be able to track revenues being generated by their songs in so called "real time" - ie they can logon and see what revenues have been confirmed as of now. It will also enable the rights holders to work out what fees they will pay by taking advances at different levels.
Announcing the new service, Koblat chief Willard Ahdritz told reporters: "[It gives our clients] fast access to their money already in the pipeline for distribution, or access to money we project to be collected through incoming sales data or future earning estimates".