Kobalt Music Group

Entertainment & Publishing Technology copyright music publishing

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.

Revenue(FY, 2016)

£208.1 M

Market valuation(2017-10-12)

$789 M

Total Funding

$205 M

Type

Private

New York, US

Founded

2000

Size (employees)

498 (est)+3%

Website

kobaltmusic.com

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

Founder & CEO

Richard Sanders

President

James Fitzherbert-Brockholes

Chief Operating Officer

Bill Maris

Board Member

Christiaan Winchester

General Counsel

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	MSD Capital, Michael Dell, GV, Balderton Capital, Spark Ventures, Hearst Entertainment, Section 32

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.

Summary

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

Source: Techcrunch

Income Statement

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	2.1 m	20.4 m	37.7 m	48.7 m	61.1 m	77.7 m	107 m	135 m	181 m	208.1 m
Revenue growth, %								26%	26%	15%
Cost of goods sold		18.1 m	33.1 m	43.3 m	54.5 m	68.7 m	94.2 m	119.6 m	158.3 m	183.6 m
Gross profit		2.3 m	4.6 m	5.4 m	6.6 m	9 m	12.8 m	15.4 m	22.6 m	24.5 m

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Balance Sheet

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	31 k	2.7 m	3.9 m	8.6 m	10.6 m	5.7 m	14.5 m	14.2 m	37 m	28.1 m
Accounts Receivable		7 k			22.1 m	15.7 m	24.7 m
Current Assets	4.2 m	12.6 m	16.6 m	23 m	35.7 m	31.7 m	57.9 m	75.7 m	115.5 m	131.1 m
PP&E	609 k	801 k	964 k	1.1 m	1.4 m	2.9 m	2.6 m	3.9 m	5.8 m	1.9 m

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Cash Flow

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 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 m	1.1 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 m	3.6 m	84 k	4.3 m	4.1 m	(4 m)	13.7 m	8.8 m	32.1 m	15.1 m
Net Change in Cash	(88 k)	747 k	1.8 m	4.7 m	2 m	(4.9 m)	8.8 m	(2.9 m)	17.2 m	(2.2 m)