The company's overall revenue grew 15% during its second fiscal quarter.
This marks Kobalt's return to managing investment for outside capital after selling its two Kobalt Capital funds in recent years.
This week in publishing news: Multimedia Music has acquired STX's music library and Position Music signs Joe Kearns.
With tracks by REO Speedwagon, KISS, and more, the MOJO catalog contains shares of 89 Billboard No. 1 hits.
The acquisition by Round Hill, which also purchased a stake in Big Loud Shirt founder Craig Wiseman's song rights, brings its ownership stake to 100%.
The deal, which was three years in the making, includes classics like "Time of the Season" and "She's Not There."
Catalog owners and estate administrators are turning to AI-driven tech to make music freshly available for remixes, samples or synch placements.
The LA-based distribution and payment company said it will offer more advances to artists who use their catalogs for backing.
The music icon's recordings earn around $3.7 million annually in streams and synchs, Billboard estimates.
This week in publishing news: Reservoir launches JV with American Idol producer, Position Music Signs Sam Tinnesz and more.
