Kobalt has today (November 1) announced a new partnership with investment funds managed by Morgan Stanley Tactical Value to invest more than USD $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.
Source: Morgan Stanley is investing more than $700m to buy music copyrights in partnership with Kobalt