The company now partners with the legendary disco group on masters, publishing, name and likeness rights.
Nine months after turning down another suitor, the legendary vocalist finds a partner he can "entrust with my life’s work and future musical legacy."
The fee is meant to reduce risk for bidders with "bona fide" offers.
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.
