Music licensing platform Slipstream has partnered with Kobalt for global music publishing administration, in a deal that includes an investment by Kobalt into Slipstream.
The companies have not disclosed the value of Kobalt’s investment, but said the tie-up expands the capabilities of both companies “in a significant way, combining both technology and expertise to serve the entire music publishing ecosystem.”
Slipstream last month acquired Anthem Entertainment’s portfolio of production music, which consists of 650,000 tracks from production music agency Jingle Punks, independent production music library 5 Alarm Music, and UK-based independent production music publisher Cavendish Music. Slipstream says this makes it the world’s largest independent music licensing company. The company provides music to digital content creators, as well as to the traditional film, TV, and advertising community.
Kobalt bills itself as the world’s largest indie music publisher, with a catalog of more than 1 million songs. Kobalt represents some major songwriters, including Roddy Ricch, Max Martin, Karol G, Andrew Watt, Stevie Nicks, Phoebe Bridgers, The Lumineers, Gunna, Justin Quiles, Foo Fighters, and Paul McCartney, among others.
Splistream has “built a next generation production music company, one which we believe has enormous potential in the marketplace,” said Laurent Hubert, CEO of Kobalt.
“This deal positions Kobalt to be better able to serve the entire music publishing ecosystem, from the world’s top songwriters to advertisers and television/film creators looking for music queues.”
Kobalt has focused heavily on technology to develop its business. For instance, in September, it partnered with blockchain-powered music platform Audius to give Kobalt-signed songwriters access to a potential new revenue stream through Audius’ decentralized marketplace. Kobalt also inked a deal with AI-driven music funding platform beatBread, which gives artists funded through beatBread access to Kobalt’s publishing administration services.
“This deal positions Kobalt to be better able to serve the entire music publishing ecosystem, from the world’s top songwriters to advertisers and television/film creators looking for music queues.”
Laurent Hubert, Kobalt
Earlier this year, Kobalt launched an updated version of its client portal that includes a ‘Collection Gap’ tool, which allows songwriters to see how long a delay there is between a song’s use and the…
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