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10.03.2022 / 21:59

Kobalt Music Pulls Out of Russia Over Ukraine Invasion

Jem Aswad Senior Music EditorIn what is rapidly becoming a mass music exodus out of Russia, Kobalt became the third major company to announce on Thursday that it is suspending business activity in Russia due to the country’s invasion of Ukraine. Of the three global major labels, Sony and Warner announced their pullout within an hour of each other on Thursday morning, and Universal made the move on Tuesday.Kobalt’s move is doubly significant because although it is a global company, Kobalt was founded in London by Swedish-born Willard Ahdritz and in many ways is a European company.

Willard Ahdritz Jem Aswad-Senior France London Ukraine Russia performer Music Exodus

08.03.2022 / 00:15

Kobalt Reports First Year of Profitability, With 15% Growth in Collections

Jem Aswad Senior Music EditorKobalt today reported that its gross collections grew by 15% to $548 million in the fiscal year ending June 30, 2021. The company also reported its first-ever year of profitability with $48.5 million EBITDA. The company also said it expects to approach $625 million in gross collections and near $65 million in EBITDA profit for the next fiscal year ending June 30, 2022.In the fiscal year ending June 30, 2021, Kobalt sold two businesses: In May 2021, it sold its AWAL label services company and neighboring rights businesses for $430 million, which yielded a gain of over $335 million (and was recently approved by U.K.

Willard Ahdritz Laurent Hubert Jem Aswad-Senior reports Digital Music

07.07.2020 / 04:28

Kobalt Revenue Up 35% Even as Losses Widened in 2019

The Kobalt Music Group lost $56.78 million on revenues of $543.44 million for the year ended June 30, 2019. While that performance represented a widening of losses from the prior year when the company had $38.89 million in red ink, it also showed a faster rate of growth as revenue increased 35.1% from the prior year's revenue total of $402.14 million for the year ended June 30, 2018.

Willard Ahdritz show performer record Music

Details Regarding Willard Ahdritz

Who is Willard Ahdritz?

Willard Ahdritz is a public figure featured in various informative articles due to their involvement in current events.

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