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Introduction

Independent music publisher and service company Kobalt Music Group recorded a big rise in revenue for the financial year to end-June 2015.

Highlights

  • Rising sales costs and expenses resulted in widening losses for Kobalt. However, the company ended June with a positive cash balance and is expecting to generate revenue of more than half a billion dollars in the 2017 financial year, when it aims to be profitable for the first time.

Features and Benefits

  • Details Kobalt's FY15 financial results.
  • Assesses the performance of different Kobalt divisions.

Key questions answered

  • Which of Kobalt's four main divisions registered the biggest increase in revenue for the 12-months through June 2015?
  • How is Kobalt financing its expansion efforts?

Table of contents

Ovum view

  • Summary
  • Service expansion boosts Kobalt earnings
  • Publishing still Kobalt’s core business
  • Sharp growth for label services and neighboring rights

Appendix

  • Author

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