Hubert contends that if his companies can reduce the percentage of money that leaks from the $8 billion to $9 billion of royalties collected by the global music industry on the publishing side, excluding writer’s share - “leakage” that stems from high intermediary costs, poor matching, undercollection and underlicensing - AMRA and other players in the industry could grow the pie by another $1 billion for collection and distribution. How much? AMRA CEO Tomas Ericsson estimates that clients can gain “as much as 30%” more royalties in certain regions. Their biggest licensees include some of the largest DSPs, like Spotify and Apple Music, but they are also working with promising new brands like China-based TikTok rival Kuaishou and others.ĪMRA says it is a one-of-a-kind service, providing clients faster turnarounds for royalty collection (in six to nine months), more precise accounting for digital royalties and audit rights, and greater transparency that its executives say make AMRA clients and the wider industry a lot more money. In an industry where, according to CISAC’s 2021 annual report, over 36% of global music publishing revenue royalties come from digital sources - a figure AMRA says will grow to 80% within five years - Kobalt believes AMRA can better leverage its technology and its direct agreements with digital service providers to streamline digital royalty collection across 212 countries, cutting out the friction or delays of a traditional performing rights organization (PRO). Kobalt Sells Majority Stake to Francisco Partners
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