Kobalt Partners with Morgan Stanley Tactical Value to Invest More Than $700 Million In Music Copyrights

02 November 2023 - Press release

Kobalt today announced a new partnership with investment funds managed by Morgan Stanley Tactical Value to invest more than $700 million to acquire music copyrights over the next few years. As part of the venture, Kobalt will manage the creative, synch, licensing, administration, and investment services for the copyrights.

“Kobalt is a pioneer in investing in music, increasing the value of copyrights, and creating music as a viable asset class,” said Laurent Hubert, Chief Executive Officer, Kobalt. “Morgan Stanley Tactical Value's trust in Kobalt is a testament to our platform and leadership in the music industry. We are proud to form this unique partnership.”

“Morgan Stanley Tactical Value has profound respect for songwriters and the immense value of their art,” said Cameron Smalls, Managing Director, Morgan Stanley Tactical Value. “We are thrilled to partner with the leading creator-first publisher that is a pioneer in maximizing royalty collections for songwriters and rightsholders. Together with Kobalt’s infrastructure and deep commitment to bettering the music industry, we are excited about our partnership and the opportunities ahead.”

Goldman Sachs acted as an advisor in this partnership.