Sony Music Acquires Kobalt’s Label and Neighboring Rights Division
Reading now: 958
variety.comJem Aswad Senior Music EditorSony Music Entertainment announced it has entered into a definitive agreement with Kobalt Music Group to acquire Kobalt’s recorded-music operations, including AWAL, and Kobalt Neighboring Rights.AWAL and Neighbouring Rights will become a new division within SME’s suite of independent artist and label services offerings and will be enhanced by the technology and network of SME’s independent music distribution company, The Orchard, according to the announcement.
Lonny Olinick will remain AWAL’s CEO.AWAL, who has released music by Billie Eilish’s brother and collaborator Finneas, Nick Cave and the Bad Seeds, Little Simz and others, will continue to sign, develop and market its own artists.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
