Kobalt has signed a worldwide administration agreement with publishing company Blue Raincoat Songs, which was co-founded by industry veterans, Jeremy Lascelles and Robin Millar. In addition, Chrysalis Records and Kobalt Label Services have signed a global label services deal. As such, KLS will be providing distribution services to the newly independent label and catalogue. Both respective deals are effective immediately.
In addition, Chrysalis Records and Kobalt Label Services have signed a global label services deal. As such, KLS will be providing distribution services to the newly independent label and catalogue. Both respective deals are effective immediately. Chrysalis Records, one of the leading British independent labels responsible for shaping the
Chrysalis Records, one of the leading British independent labels responsible for shaping the global music industry, was recently purchased in a deal led by Lascelles and Millar.
The agreement saw the co-founder and original owner of Chrysalis Chris Wright CBE, reunited with the label as he returns as non-executive chairman of the label 27 years after selling the company to EMI.
Richard Sanders, president of Kobalt said: “We’ve known Jeremy, Robin and Chris for many years and have always admired their work and overall contribution to the industry and to so many artists’ careers. Their catalogue is rich with exceptional talent and both Blue Raincoat Songs and Chrysalis Records are ideal partners for Kobalt as their core values of ‘artist-first’ align perfectly with ours.”
Paul Hitchman, president of Kobalt Label Services added: "The combination of the legendary
Chrysalis catalogue, Jeremy and Robin’s deep knowledge of music, and Kobalt’s cutting edge technology and services platform is the basis for a very exciting partnership. We can’t wait to get started on maximising the potential of the Chrysalis catalogue and working closely with Jeremy, Robin and the Chrysalis team on building the label for the new music business."
Sas Metcalfe, global president of creative at Kobalt said: “It is always a thrill to partner with such creative and legendary music professionals such as Jeremy, Robin and Chris. Their incredible roster speaks volumes about their extensive relationships and creative value throughout the industry; we look forward to working with Blue Raincoat Songs and continuing to collaborate through music.”
Lascelles and Millar said in a joint statement: "From the outset of our discussions, Kobalt’s desire to be in business with us was both flattering and utterly persuasive. In the past, we have seen them as a competitor. We are now thrilled to have them as a partner. As a company, they are true industry innovators. We expect this to be the start of a long and beautiful relationship.”
FOLLOW 
