Kobalt Music Group is a global independent music services company, offering music publishing and label services worldwide. The Company provides technology solutions for a more transparent, efficient and empowering future for rights owners. Kobalt Music Group offers its clients transparency, online copyright administration and royalty tracking, including a real-time online portal, creative services, weekly online balances, digital collections and advances to writers, publishers, performers and other rights holders.

Type
Private
HQ
New York, US
Founded
2000
Size (employees)
498 (est)+3%
Kobalt Music Group was founded in 2000 and is headquartered in New York, US
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Key People/Management at Kobalt Music Group

Willard Ahdritz

Willard Ahdritz

Founder & CEO
Richard Sanders

Richard Sanders

President
James Fitzherbert-Brockholes

James Fitzherbert-Brockholes

Chief Operating Officer
Bill Maris

Bill Maris

Board Member
Christiaan Winchester

Christiaan Winchester

General Counsel
Paul Hitchman

Paul Hitchman

President, Kobalt Music Recordings
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Kobalt Music Group Office Locations

Kobalt Music Group has offices in Sydney, Norrmalm, Berlin, Atlanta and in 7 other locations
New York, US (HQ)
2 Gansevoort St. 6th Floor
Atlanta, US
400 83 Walton Street NW
Los Angeles, US
8201 Beverly Boulevard
Miami, US
2100 Ponce De Leon Blvd
Nashville, US
907 Gleaves St
Sydney, AU
24-30 Springfield Ave Suite 203
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Kobalt Music Group Financials and Metrics

Summary Metrics

Founding Date

2000

Total Funding

$205 m

Latest funding size

$14 m

Time since last funding

6 months ago

Investors

Kobalt Music Group's latest funding round in October 2017 was reported to be $14 m. In total, Kobalt Music Group has raised $205 m. Kobalt Music Group's latest valuation is reported to be $789 m.

Kobalt Music Group Financials

Kobalt Music Group's revenue was reported to be £208.14 m in FY, 2016 which is a 15% increase from the previous period.
GBP

Revenue (FY, 2016)

208.1 m

Revenue growth (FY, 2015 - FY, 2016), %

15%

Gross profit (FY, 2016)

24.5 m

Gross profit margin (FY, 2016), %

11.8%

Net income (FY, 2016)

(15.6 m)

EBITDA (FY, 2016)

(11.4 m)

EBIT (FY, 2016)

(13.4 m)

Market valuation

789 m

Cash (30-Jun-2016)

28.1 m

EV

774.9 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.1 m20.4 m37.7 m48.7 m61.1 m77.7 m107 m135 m181 m208.1 m

Revenue growth, %

26%26%15%

Cost of goods sold

18.1 m33.1 m43.3 m54.5 m68.7 m94.2 m119.6 m158.3 m183.6 m

Gross profit

2.3 m4.6 m5.4 m6.6 m9 m12.8 m15.4 m22.6 m24.5 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(352 k)(2.2 m)(2.4 m)(1.9 m)(1.9 m)(3.7 m)(4.9 m)(12.8 m)(21.6 m)(15.6 m)

Cash From Operating Activities

(1.1 m)(2.5 m)2.1 m1.1 m(1.3 m)1.9 m(1.7 m)(9.1 m)(10.5 m)(13.8 m)

Cash From Financing Activities

1.1 m3.6 m84 k4.3 m4.1 m(4 m)13.7 m8.8 m32.1 m15.1 m

Net Change in Cash

(88 k)747 k1.8 m4.7 m2 m(4.9 m)8.8 m(2.9 m)17.2 m(2.2 m)
GBPY, 2016

EV/EBITDA

-68.1 x

EV/EBIT

-58 x

EV/CFO

-56.3 x

Revenue/Employee

794.2 k

Debt/Equity

-11 x

Debt/Assets

0.1 x

Financial Leverage

-111.6 x
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Kobalt Music Group Operating Metrics

May, 2017

Independent Artists

20 k

Publishers

600

Songwriters

25 k
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Kobalt Music Group Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
AWAL January 01, 2012
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