Kobalt Offers Creators Real-Time Earnings & Data Reporting
Mobile app allows artists and songwriters to track their earnings, synch activity, YouTube and music usage, all in real time
Music services company Kobalt announced the release of the Kobalt App, available to all Kobalt Music Publishing clients for download on iOS devices. The Kobalt App allows creators to view all their rights globally and see how each song, by right type, directly translates into income.
Similar to Kobalt's award winning desktop Portal, the Kobalt App is a window into Kobalt's powerful tech platform, collecting more money, faster for its clients than any other music publisher. A recent comparison of six Top 100 songs, each administered 50% by Kobalt and 50% by one of the major publishers, affirms that Kobalt collects 20-40% more for its clients, significantly faster. Furthermore, this uplift does not include the additional increase that Kobalt is forecasting from AMRA, as early figures showed last week a 28% uplift in Spotify and YouTube revenues within a single quarter since AMRA began administering Kobalt's catalog in Europe.
"This connection between a creator's works and their income is the first of its kind," said Willard Ahdritz, Kobalt Founder and CEO. "It's a fundamental shift in the relationship between rights owners and their data. Imagine how that will influence their decisions, shape their perspectives on the industry and streaming, empowering them with the facts. I believe this will have an enormous impact on the future of music - out of the dark ages, full access, in real time. All in one app. The revolution continues!"
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