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flag Investors buy Kobalt to expand its artist advance platform, using royalty income as collateral for funding.

flag A group of investors has agreed to acquire Kobalt, a music rights and technology company, with founder Willard Ahdritz staying involved. flag The deal focuses on expanding Kobalt’s artist advance platform, which gives musicians and songwriters upfront funding in exchange for a share of future royalties, allowing them to retain ownership of their work. flag The platform uses predictable royalty income as collateral, offering an alternative to traditional label deals. flag The acquisition reflects growing investor interest in music assets due to stable, long-term royalty revenue. flag Kobalt’s tech-driven rights management and transparent payment systems have positioned it as a key player in the shift toward data-powered, artist-friendly finance solutions in the music industry.

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