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Creative Industries

Francisco Partners in talks to acquire Kobalt Music Group — report

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Private equity firm Francisco Partners is reportedly in "advanced talks" to acquire a majority stake in music publishing and rights management company Kobalt Music Group, according to reports from Bloomberg and NMW.

The San Francisco-based firm, which has raised $24bn in capital so far, is understood to be ready to invest $750 million to $1bn to become the main shareholder of Kobalt. MBW said that Kobalt Founder en Executive Chairman Willard Ahdritz would remain a minority shareholder and wo...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

France’s recorded music market was up 8.2% to €364.4m in the first half of 2022

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The French recorded music market posted revenues of €364.4 million in the first half of the year, up 8.2% compared to the same period the year before, according to statistics published by trade organisation SNEP.

Digital accounted for €282m during the period, up 14% year-on-year, with physical down 8.7% to €83m. Streaming represented 76% of total revenues for the first half and almost all of the revenue from digital (98% vs 97% in the 1st semester 2021). Physical accounted for 23% of total ...

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Creative Industries

Sony Music Publishing Nashville signs singer, songwriter and guitarist Jamie Davis

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Sony Music Publishing Nashville has signed singer, songwriter, and guitarist Jamie Davis to a global publishing deal.

“Jamie has an innate ability to channel his years of front man experience into thoughtfully crafted songs that resonate with music lovers everywhere. There’s no limit to the amount of success Jamie will find in Nashville,” said Tom Luteran, Vice President Creative at Sony Music Publishing.

Davis' music career first launched with his band Jamie Davis & Soul Gravy along...

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Creative Industries

Utopia Music-owned Sentric Music Group expands its A&R team in the US

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Royalty management services company Sentric Music Group, part of Swiss-based Utopia Music, has hired four new executives to strengthen its A&R team in the United States — Matt DuFour, Carlos Escalona Cruz, Kebu Commissiong and Lou Plaia.

Sentric said the hires follow the company’s move into North America and its strategy to establish a presence in all the major markets within the territory. All four will report directly to Simon Perry, President of Sentric North America.

Sentric's Ca...

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