New deal for Paul's post-Beatles songs

Last updated 13:47 25/07/2012
Paul McCartney
REUTERS
LOOKING FOR CHANGES: Paul McCartney's post-Beatles songs will now be managed by Kobalt.

Relevant offers

Music

Top 10 Christmas songs you won't hear at the mall Top six Joe Cocker songs The better Beatle: John Lennon or Paul McCartney? Musicians weigh in Best albums of 2014 - The Long List Singer Joe Cocker dead, aged 70 Phil Rudd wants career back Kiwi singer Jesse Will gets Taylor Swift's approval Iggy Azalea's double whammy: sex tape release threat, 'white privilege' lecture 2014's best story: my band of the year Sol3Mio's Pene Pati proposes on stage

Kobalt Music Group, an upstart music publisher that is now one of the world's biggest, has announced that it will manage the copyrights of Paul McCartney's post-Beatles songs such as "Ebony and Ivory" and "Band on the Run" along with works managed by McCartney's MPL Communications group outside of North America and the UK.

The deal marks a break for McCartney from EMI, which was acquired for US$2.2 billion by a group of investors led by Sony/ATV last month, making it the world's biggest music publisher.

The move ensures different managers for McCartney's Beatles and non-Beatles hits in markets not already served by MPL.

It also represents the growing popularity of Kobalt among artists.

According to Billboard magazine, Kobalt increased its share of publishing revenue from the top 100 U.S. radio hits to 15.5 percent in the third quarter of 2011, up from less than 5 percent three years earlier. That ranked it second behind only EMI, which had 17.9 percent at the time.

Kobalt says it pays songwriters about 25 percent more than other publishers because of its streamlined structure and better tracking of song plays around the world.

"We have grown by delivering service, quality, and results to our clients. We have not bought our growth. We have earned it," said Kobalt CEO and founder Willard Ahdritz in an interview.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content