Report: Kobalt Music's AMRA Increases Digital Publishing Payments By 28% In EU
May 10, 2016 at 12:26 PM (PT)
KOBALT MUSIC PUBLISHING's global digital collection society, AMRA, has increased YOUTUBE and SPOTIFY publishing royalty payments by 34% in the EUROPEAN UNION, according to a report in MUSIC BUSINESS WORLDWIDE.
During the first three months of administering KOBALT’s digital catalog in EUROPE – in Q3 2015 and compared to the previous quarter – AMRA delivered a 26% increase in earnings from SPOTIFY and a 34% increase in earnings from YOUTUBE for its clients in those territories.
Combined, AMRA collected 28% more money from SPOTIFY and YOUTUBE in EUROPE during the period.
KOBALT founder/CEO WILLARD AHDRITZ commented: “I’m ecstatic to share these first results with our clients. This has been my vision since starting KOBALT, using technology and a new model to drive efficiency and transparency.
“And these initial numbers are just for EUROPE – wait until we see the explosive growth coming out of so many other untapped markets around the world. There have been too many missed opportunities for creators on a global scale – now the solution is here.”
Until AMRA took over last year, KOBALT’s collection responsibility in EUROPE fell to its partnership with SWEDISH CMO STIM – a venture which, since 2013, resulted in its own significant uplift in collections.
AMRA CEO TOMAS ERICSSON said: “This uplift is exceptional both because it’s in EUROPE, one of the most mature markets in the world, and because it’s in addition to the already significant uplift from KOBALT’s previous partnership with STIM."
KOBALT acquired AMRA in 2014, announcing the creation of what it calls "the first global, direct, digital mechanical and performing rights society."
Since announcing its official launch, AMRA successfully entered into critical partnerships with leading global DSPs including APPLE MUSIC, YOUTUBE, SPOTIFY, AMAZON and GOOGLE PLAY, among others.