Sony Music Acquires AWAL From Kobalt In $430 Million Deal

Kobalt and Sony Music unveiled their “definitive agreement,” which encompasses Kobalt Neighboring Rights in addition to AWAL, this morning. As part of the multimillion-dollar purchase, the former Kobalt holdings “will become a new division within SME’s suite of independent artist and label services offerings.”

Read More: https://www.digitalmusicnews.com/2021/02/01/sony-music-awal-acquisition/