It was announced today that SONGS Music Publishing, a leading independent contemporary music publisher, has chosen to sell its catalog to Kobalt Capital's fund, where Kobalt Music Publishing will administer and service it. The sale concludes an intensely competitive process involving many players in the music business, and hands Kobalt stewardship of some of the world's biggest hit songs, including songs "Royals," "Can't Feel My Face," "The Hills," "Starboy," "Lean On," "Panda," and "Uptown Funk." SONGS exclusively publishes The Weeknd, Lorde, Diplo/Major Lazer and many others.
"I was first introduced to Matt [Pincus, SONGS Founder and CEO] in 2004 by Michael Selverne when SONGS was just starting," said Founder and CEO of Kobalt Music, Willard Ahdritz. "Since then, first as a client and then as a friend, Matt has built a remarkable company with a combination of great creative vision and a deep business understanding. The results are an extraordinary music publishing company. I am honored that Matt has trusted Kobalt to take care of his songwriters and songs. We are looking forward to delivering an outstanding service in their new home."
Ron Perry, President of SONGS commented: "Today is the bittersweet culmination of a journey that I joined Matt on 14 years ago. From the very first writer signing, to many of today's premier writers, artists and producers, I couldn't be more proud that we were able to build a company that has substantially impacted the creative discussion around music publishing. I thank each and every one of the songwriters who entrusted us to play vital roles in their careers, and I know they are all in great hands at Kobalt."
